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Forex Indicator “MaByMa”

The MaByMa Forex Indicator is a colorful cloud that uses two sequential averages of the price rows. The indicator has a pretty simple idea: it is a moving average of a different moving average (MA).

It is a useful alternative choice in simple trend trading systems for two MAs. This signaling system has great advantages in comparison with a system where just two moving averages are used. Therefore, it is recommended for all traders who are using the crossings of moving averages to start applying the MaByMa Forex indicator.

The SmoothAlgorithms.mqh library classes are applied to this indicator. One should copy to the terminal_data_folder\MQL5\include.

The Indicator code also has the getMaByMaValue function, which can be useful if you want to use the indicator without iCustom.

First the original indicator was created in the MQL4 language and it was released on the 30Th of March, 2013, in the CodeBase. 

 

Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. 

 

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