If you're looking to step up your trading game, the Exponential Range Average (ERA) and Deviation Offset indicator for MetaTrader 4 is a must-have in your toolkit. This handy tool calculates and visually represents the exponential moving average of the true range, along with an offset for the exponential moving average of its deviation.
One of the coolest features of this indicator is its compatibility with both MQL4 and MQL5, thanks to the use of conditional compilation. This means you can use it seamlessly no matter which version you prefer.
Oh, and here’s a little tip for you: all the source code for my CodeBase publications can now be found in the “Public Projects” tab of MetaEditor under the name “FMIC”. So if you're keen on digging deeper, check it out!
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