If a trader opens MN1 chart the indicator will automatically configure the period equal to 12 comparing current price to average year price based on bars in a year. If a trader opens W1 the MA will be automatically configured to 52 period which is equal to weekly bars in year.
The indicator will calculate the period based on daily bars in a month. All time frames below Days to Hour are configured comparative to weeks. All periods below Hour will be relative to days.
The trader now does not have to select the MA periods on different time frames.
Interpretation of the indicator:
Didi Index mql5 source code.AscTrend Expert Advisor
Trading strategy based on ASCTrend indicator as main signal, filtered by NRTR indicator and/or by TrendStrength indicator.