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Views:: 11906
Rating:: (22)
Published:: 2016.11.22 09:54

iTrend.mq5 (33.81 KB) view

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Well known iTrend indicator made for MetaTrader5

In order to extend it (apart of making it use the visual tools that are available in MetaTrader 5 now), it is :

multi time frame
it has the usual set of alerts :

alerts on current (still opened) or on a closed bar
alert displaying a message
alert playing a sound
alert sending an email
alert sending a push notification

it has a choice of 4 types of averages used for calculation
and it has the set of 22 price types

As a deviation compared to the wide spread version, this version has an adjustable level that is used to determine trend change (and continuation) that can be set to desired extremes look-back period and value. Once when that level is broken the trend is kept as long as the opposite direction value does not brake that level

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iTrend - indicator for MetaTrader 5