Tabajara Rules II is a custom indicator for MetaTrader 5 (MT5) that combines moving average and candle color coding to provide trading signals. This indicator is developed by the Forex Robot Easy Team and is designed to assist traders in making informed decisions in the forex market.
For detailed reviews and trading results of this product, please visit Forex Robot Easy.
Please note that ForexRobotEasy is not the official developer of this product. We only provide a sample code that can work as described in this product. To find the official developer of this product, please refer to MQL5.
- MA_Period: The period for the moving average calculation.
- MA_Method: The smoothing method for the moving average.
- Candle_Outline_Color: The color for the candle outlines.
- Candle_Filling_Color: The color for the candle fillings.
- MA_Color: The color for the moving average line.
The Tabajara Rules II indicator uses a two-step process to generate trading signals:
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Moving Average Calculation: The indicator calculates a moving average based on the selected period and smoothing method. The moving average is plotted as a line on the chart.
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Candle Color Coding: The indicator assigns colors to the candles based on their relationship to the moving average. If the closing price of a candle is above the moving average, the candle is colored with the Candle_Outline_Color and Candle_Filling_Color. If the closing price is below the moving average, the candle is colored with the Candle_Outline_Color only.
The color-coded candles provide visual cues for identifying potential buy and sell opportunities in the market.
To use the Tabajara Rules II indicator, follow these steps:
- Copy the indicator file (.ex5) to the 'Indicators' folder of your MetaTrader 5 installation directory.
- Restart MetaTrader 5 or refresh the indicators list by right-clicking on the 'Navigator' window and selecting 'Refresh'.
- The indicator will now appear in the 'Indicators' section of the 'Navigator' window.
The Tabajara Rules II indicator is compatible with MetaTrader 5 (MT5) and can be used on any currency pair and time frame.
Please note that the Tabajara Rules II indicator is a third-party product developed by the Forex Robot Easy Team. ForexRobotEasy is not the official developer of this product, and we do not guarantee its performance or accuracy. The indicator is provided as a sample code that can work as described in the product. Traders should conduct their own research and analysis before making any trading decisions.
For any inquiries or support related to the Tabajara Rules II indicator, please contact the official developer through MQL5.
For detailed reviews and trading results of this product, please visit Forex Robot Easy.