The Smoothed Moving Average (SMMA) Crossover Signals indicator for MT4 is a trend following indicator based on the crossover of two smoothed moving averages.
You can fully modify the FastSMMA and SlowSMMA input values.
Note: Smoothed Moving Averages give most recent currency prices an equal weighting to its historical prices.
Formule SMMA
SUM1 = SUM(CLOSE, N)
SMMA1 = SUM1/N
PREVSUM = SMMA(i-1) *N
SMMA(i) = (PREVSUM-SMMA(i-1)+CLOSE(i))/N
Trading Signals
BUY: Blue arrow appears on the chart. Enter long at the open of the next bar.
SELL: Red arrow appears on the chart. Enter short at the open of the next bar.
Download
Download the Smoothed MA Signals.mq4 indicator.
USD/CAD Weekly Chart Example
How to install the Smoothed Moving Average Crossover Signals custom indicator in Metatrader 4?
- Download the Smoothed MA Signals.mq4 indicator to your computer.
- Open your Metatrader 4 platform.
- Open the data folder from the top menu.
- Open the MQL4 folder.
- Open the indicators folder.
- Paste the indicator file in this folder.
- Restart the trading platform.
- Open any trading chart.
- Attach the indicator to the chart.