Choppy market index indicator (originally published here : Choppy market index) is a useful indicator but it probably lacks one thing: a bit more smoothness.
This version is addressing that issue. The method used is attempting to cut the lag to minimal (or to non-existing) and it seems to be working in an acceptable mode. Smoothing method used are the usual set of 4 average types:
- simple moving average
- exponential moving average
- smoothed moving average
- linear weighted moving average
Setting the smoothing period to <=1, sets the smoothing off.
MT5 Indicators – Download Instructions
Choppy Market Index Smoothed MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.
Choppy Market Index Smoothed MT5 Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly. Click here for MT5 Strategies
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How to install Choppy Market Index Smoothed MT5 Indicator.mq5 to your MetaTrader 5 Chart?
- Download Choppy Market Index Smoothed MT5 Indicator.mq5
- Copy Choppy Market Index Smoothed MT5 Indicator.mq5 to your Metatrader 5 Directory / experts / indicators /
- Start or restart your Metatrader 5 Client
- Select Chart and Timeframe where you want to test your mt5 indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
- Right click on Choppy Market Index Smoothed MT5 Indicator.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator Choppy Market Index Smoothed MT5 Indicator.mq4 is available on your Chart
How to remove Choppy Market Index Smoothed MT5 Indicator.mq5 from your Metatrader 5 Chart?
- Select the Chart where is the Indicator running in your Metatrader 5 Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
Choppy Market Index Smoothed MT5 Indicator (Free Download)
Click here below to download: