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A Left-Shifted Moving Average Indicator for Buy and Sell Signals

Article MQL5 code base

Summary

This brief indicator description says it uses moving averages shifted left on a price chart to produce buy and sell signals. It notes that signals may be clear but can arrive late, and that a parameter controlling the moving-average period can be adjusted to change signal clarity. The description recommends viewing the indicator on an hourly chart, but gives no rules for entering or exiting trades, no performance results, and no explanation of how the signals are calculated.

Because the average is shifted relative to the chart, users should establish whether the display uses future data or merely offsets historical values; the text does not clarify this. A visual shift can make historical signals appear better timed than they would have been in real time. The stated possibility of delayed signals is also a practical limitation. The note is therefore a high-level description of an indicator rather than a tested trading strategy, and its suggested chart interval is not supported by comparative evidence in the document.

Key ideas

  • The indicator plots moving averages shifted left relative to the chart.
  • It is intended to mark buy and sell opportunities, though the description warns that signals may be delayed.
  • A moving-average period parameter affects how clearly the signals appear.
  • The description suggests an hourly chart but offers no supporting performance evidence.
  • The text does not explain whether the shift introduces look-ahead bias in historical displays.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.