DMA (Displaced Moving Averages) Metatrader 5 Forex Indicator

The DMA (Displaced Moving Averages) Metatrader 5 forex indicator is a technical indicator that places three Moving Averages within the main activity chart window:

  • 3-period Moving Average, colored red by default and displaced forward on three periods (SR DMA)
  • 7-period Moving Average, colored blue by default and displaced forward on five periods (MR DMA)
  • 25-period Moving Average, colored lime by default displaced forward on five periods (LR DMA)

The indicator is designed on the grounds of the description given in Joe DiNapoli book “Trading with DiNapoli Levels”.

It’s a trend following indicator that can work on its own or together with other technical forex indicators.

Free Download

Download the “dma.ex5” MT5 indicator

Example Chart

The EUR/CAD H1 chart below displays the DMA (Displaced Moving Averages) Metatrader 5 forex indicator in action.

Basic Trading Signals

Buy Signal: Go long when the lime line (LR DMA) of the DMA (Displaced Moving Averages) Metatrader 5 forex indicator intersects the red and blue lines in a bottom up fashion, while the candlesticks are seen to form slightly above all three lines.

Sell Signal: Go short when the lime line (LR DMA) of the DMA (Displaced Moving Averages) Metatrader 5 forex indicator intersects the red and blue lines in a top downward manner, while price bars are seen to hover somewhat below all three lines.

Exit buy trade: Close all buy orders if while a bullish trend is running, the lime line (LR DMA) of the DMA (Displaced Moving Averages) indicator crosses the red (SR DMA) indicator line.

Exit sell trade: Close all sell orders if while a bearish trend is ongoing, the lime line (LR DMA) of the DMA (Displaced Moving Averages) indicator intersects the red (SR DMA) indicator line.

Tips: The DMA (Displaced Moving Averages) indicator resembles the Alligator indicator, but the DMA is designed to be smoother, thereby offering improved trading results that is suited for scalpers, day traders and swing traders.

Download

Download the “dma.ex5” Metatrader 5 indicator

MT5 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 5

Type: chart pattern indicator

Customization options: Variable (SR MA smoothing type, SR MA smoothing period, SR MA price constant, horizontal shift of SR MA in bars, MR MA smoothing type, MR MA smoothing period, MR MA price constant, horizontal shift of MR MA in bars, LR MA smoothing type, LR MA smoothing period, LR MA price constant, horizontal shift of LR MA in bars), width & Style.

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: trend

Installation

Copy and paste the dma.ex5 indicator into the MQL5 indicators folder of the Metatrader 5 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL5 > Indicators (paste here)

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