Skip to content
All library documents

A Moving Average Cloud with Rounded Channel Labels

Article MQL5 code base
Read the original

Summary

This document describes a universal moving-average indicator that colors the chart background around a channel and displays the latest value as a price label. It also provides an input that controls how many digits are used when rounding the channel levels. The moving average itself acts as the boundary separating the colors, giving the indicator a visual way to show the relationship between price and its average.

The note identifies a dependency on a smoothing-algorithm library and points to a separate article for explanation of those classes. It offers a figure reference but no trading rules, market examples, backtest, or performance results. The described features are chart presentation and value rounding; they do not establish that the cloud predicts price direction or improves trading decisions. Readers seeking calculation details or evidence would need the referenced library material and indicator implementation.

Key ideas

  • The indicator displays a moving-average channel as a colored chart background.
  • The moving average separates the channel’s color regions.
  • A price label shows the most recent value.
  • An input controls the number of digits used to round channel levels.
  • The indicator relies on a separate smoothing-algorithm library, and the document provides no performance evidence.

Tags

Technical indicators

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