BMA

BMA MT4 indicator or supplemented by a rolling average - was written by me (on the idea of one of the visitors to the site) version of the standard indicator MT4 moving average. It consists of 3 lines: the central - the usual moving average (it may be simple, exponential, and weighted smoothed), the top line (the central shifted to 2% (default) up), the bottom line (center shifted to 2% down). The two additional lines of support and resistance levels.

Input parameters:

* MA_Period (default = 49) - between the standard moving average (central line).
* MA_Shift (default = 0) - a horizontal shift for all lines on the graph.
* MA_Method (default = 0) - the method of drawing the center line. 0 - Simple Moving Average (SMA), 1 - Exponential (EMA), 2 - smoothed (SMMA), 3 - linear weighted (LWMA).
* Percentage (default = 2) - the amount per cent for the vertical shift of the top and bottom lines, as compared with the center.


It is best to use this indicator as follows: connect it to the schedule of EUR / USD H4 (shown in the example), sell when the price reaches the upper line to buy when the price relates to the bottom line. When trade should use a small stop-loss, as the price is sometimes punch through lines and lines themselves can suddenly change direction.

Download:

BMA in. Zip