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Views:: 9188
Rating:: (26)
Published:: 2018.11.20 12:53

Slope_MA_Confirmation.mq5 (19.15 KB) view

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Trend indicator. The indicator displays the lines and compares direction of two moving averages: Moving Average and Slope Direction Line. If the indicator lines coincide, the price chart displays colored candles.

It has six input parameters:

MA period - Moving Average calculation period
MA method - Moving Average calculation method
MA applied price - Moving Average calculation price
SDL period - Slope Direction Line calculation period
SDL method - Slope Direction Line calculation method
SDL applied price - Slope Direction Line calculation price

If Moving Average and Slope Direction Line are directed upwards:

If the candle is bullish, it is colored in green.
If the candle is bearish, it is colored in light-green

If Moving Average and Slope Direction Line are directed downwards:

If the candle is bearish, it is colored in red.
If the candle is bullish, it is colored in light-red

In any other case, colored candles are not drawn.

Slope Direction Line indicator is not required - it is calculated by the indicator independently.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22945

Slope_Direction_Line_Bar

Slope Direction Line / Moving Average confirmation bars indicator

VGridLine_Custom

The indicator plots one vertical line per day in a specified moment of time

Moving Average applied price

Now you can test the indicator and select the price type from the ENUM_APPLIED_PRICE enumeration

Mean_Indicator

Mean Indicator indicator

Slope_MA_Confirmation - indicator for MetaTrader 5