The indicator draws a moving average line calculated based in the low and high prices over the given interval of bars.

MinMaxMA[i] = (Min + Max)/2

where Min, Max are the lowest and the highest prices in the range between (i-Period + 1) and (i).

It has two parameters:

Similar MetaTrader Trading Tools:

MetaCOT 2 CFTC ToolBox (Set of… Contents GENERAL PROVISIONS Brief description Installing the libraries and indicators Several indicators in one window Exporting CFTC reports to CSV…
ReverseMinMax - indicator MetaTrader 5 The indicator shows in the price chart the lowest top and the highest bottom over the last N periods. You…
Function library and Experts for… The algorithm for maintaining and closing a position is known to be almost more important that the rules for opening…
OpenTime 2 - EA MetaTrader 5 This EA is a further development of OpenTime version 1. What's new in version 2 The EA now allows setting…
Gold Dust - EA MetaTrader 5 Idea by Yury Reshetov mq5 code author - barabashkakvn A Bit of Theory Many automated trading systems tend to over-optimize and over-fit results,…
Hull Moving Average - indicator… I did not understand the source of other Hull MA implementations, so i decide to implement it myself. It has…
Highest Lowest - indicator MetaTrader 5 The Highest Lowest indicator searches for bars having High above the High of bars on the left and on the…
RVRResistance - indicator MetaTrader 5 Indicator RVR Price Resistance oscillator based on indicator Range_Volume_Ratio shows in a separate window, as a histogram, the candlestick size…