Understanding the Percentage of Close and iMA Prices in MetaTrader 5

What This Indicator Is All About

The Percentage of Close and iMA Prices indicator is a handy tool for traders using MetaTrader 5. It calculates the percentage of how often the 'Close' price sits above or below the iMA (Indicator Moving Average) over a specified averaging period.

Just a heads up: you’ll need to manually add the iMA indicator to your main chart for better visualization.

Fig. 1. Percentage of Close and iMA Prices