Watch how to download trading robots for free
Find us on Twitter!
Join our fan page
Join our fan page
You liked the script? Try it in the MetaTrader 5 terminal
DEMA trend - indicator for MetaTrader 5
- Views:
- 7026
- Rating:
- Published:
- 2018.08.17 13:31
- Need a robot or indicator based on this code? Order it on Freelance Go to Freelance
This indicator is combining several indicators into one
The trend (and the color) of the indicator is based on the slope of DEMA (Double Exponential Moving Average), but the displayed values are envelopes constructed using high and low prices and using the chosen average type (one of the 4 available types : SMA, EMA, SMMA or LWMA). That way you can check the direction of dema )for trend) as well as values of averages for a potential high/low envelope channel entry states of the price
Trend envelopes - parabolic weighted MA - histo
Short description.
Trend envelopes - parabolic weighted MATrend envelopes - parabolic weighted MA