Average Block

1638 January 3, 2024

Average Block

 

Overview

List of Indicators

  • Moving Average (MT4/MT5)
  • Adaptive Moving Average (MT5 Only)
  • Double Exponential Moving Average (MT5 Only)
  • Fractal Adaptive Moving Average (MT5 Only)
  • Triple Exponential Moving Average (MT5 Only)
  • Variable Index Dynamic Average (MT5 Only)

 

List of Strategies

  1. Cross
  2. Up and Down.

– 1. Cross –

BUY SIGNAL = When the Compare Indicator (Fast Period Indicator) Fast MA crosses from lower to upper with Signal Indicator (Slow Period Indicator) Slow MA

SELL SIGNAL = When Compare Indicator (Fast Period Indicator) First MA cross from upper to lower with Signal Indicator (Slow Period Indicator) Slow MA

– 2. Up and Down –


BUY SIGNAL = When Compare Indicator (Fast Period Indicator) First MA is over Signal Indicator (Slow Period Indicator) Slow MA

SELL SIGNAL = When Compare Indicator (Fast Period Indicator) First MA is below Signal Indicator (Slow Period Indicator) Slow MA

Indicator Inputs

  • Signal Indicator  – Select your average indicator. 6 Indicators are available in this section. You can choose any of them for your signal Indicator
    • Period (Signal/Slow Line) – Set indicator period
    • MA Shift (Signal/Slow Line) – Set indicator shift
    • MA Price (Signal/Slow Line) – Set indicator price
    • MA Method (Signal/Slow Line) – Indicator MA Method
    • Fast EMA (Signal/Slow Line) – Set fast EMA periodCompare Indicator (Fast Period Indicator)
  • Compare Indicator – There are also 6 Indicators in this section. You can choose any of them for your signal Indicator
    • Period (Compare/First Line) – Set indicator period
    • MA Shift (Compare/First Line) – Set indicator shift
    • MA Price (Compare/First Line) – Set indicator price
    • MA Method (Compare/First Line) – Indicator MA Method
    • Fast EMA (Compare/Slow Line) – Set fast EMA period
    • Slow EMA (Compare/Slow Line) – Set Slow EMA period
  • Signal Bars (0-Current Bar) – Select which candle EA consider as signal. 0 mean current candle, 1 mean previous candle from current candle.

 

NOTE: Not all indicators require that you configure all the inputs. For instance, if your indicator is MA (Moving Average) then you don’t need to configure “Fast EMA (Signal/Slow Line)” You can avoid this setting because MA doesn’t have this setting. The below list will show which indicator uses which inputs.

 

How to Setup

#Step 1 – 

First, you have to active AVERAGE INDICATION SECTION to Set from EA’s Input
Active Average = On

#Step 2 –

Select your trading type from Average Signal Type. It should be CROSS or UP and DOWN

#Step 3 – 

Select your signal indicator from Signal Indicator. If you want to use MA then select Moving Average or if you want Adaptive Moving Average then set Adaptive Moving Average. You have 6 indicators to choose from.

NOTE: Some indicators are not supported on MT4 like the Adaptive Moving Average, Double Exponential Moving Average, Fractal Adaptive Moving Average, Triple Exponential Moving Average, and Variable Index Dynamic Average. All indicators are supported on MT5

After your indicator selection is done then configure your indicator. Like period, MA Shift, and MA Price.

NOTE: Not all indicators require that you configure all the inputs. For instance, if your indicator is MA (Moving Average) then you don’t need to configure “Fast EMA (Signal/Slow Line)” you can avoid this setting because MA doesn’t have this setting.

#Step 4 – 

Select your compare indicator from Compare Indicator. If you want to use MA then select Moving Average or if you want Adaptive Moving Average then set Adaptive Moving Average. You can select any of compare indicators and you don’t need to match them with Signal Indicator.

For example – you can select Signal Indicator = MA (Moving Average) and Compare Indicator = Adaptive Moving Average.

After your indicator selection is done, configure your indicator. Like period, MA Shift, and MA Price.

NOTE: Not all indicators require that you configure all inputs. If your indicator is MA (Moving Average) then you don’t need to configure “Fast EMA (Signal/Slow Line)” you can avoid this setting because MA doesn’t have this setting.