MQL5 Program for Market Trend Identification Using Moving Averages
This is a demonstration of a program developed in MQL5 (a language semantically similar to C+) that graphically inserts moving averages of various periods into MetaTrader, allowing customization of how they are calculated. For this project, a specific mathematical formula was designed to accurately classify the market status.
Requirements:
- Windows: Although it is possible to compile MetaTrader on Linux using Wine, this solution still has some limitations. Therefore, we recommend using Windows when working with MQL5.
- Mathematical Knowledge: To use the program, it is necessary to understand how to calculate different types of moving averages (exponential, simple, and weighted).
Final Considerations
This software does not constitute an investment recommendation. It is intended solely to assist the operator in decision-making by providing additional support for market analysis.