Spread Average

The indicator displays in the additional window the size value of each candle in points, the average value over the specified period, and also a signal of the last candle exceeding the average value multiplied by the specified coefficient. During the formation of the signal, a message can be displayed in a pop-up window and/or notifications can be sent to email and to mobile terminal. This indicator uses the MovingAverages.mqh library from the standard metaTrader 4 software pack.

The indicator parameters

• AveragePeriod - period of averaging;
• PriceType - applied price (OPEN_CLOSE or LOW_HIGH);
• AverageMethod - spread smoothing method;
• signal_factor - multiplier for the exceeding signal;
• Usealert - allow messages in a pop-up window;
• UseNotification - allow notifications on mobile device;
• UseEmail - enable email notification;