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Vector - indicator for MetaTrader 5

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votes: 14
2018.03.01 11:59
Vector.mq5 (7.04 KB)view

The Vector indicator tracks the market state and generates relatively few false signals. Signals are formed when the zero line is crossed.

The indicator has two oscillators - the fast and the slow one. The total of their values allows evaluating the mood of the market.

  • If the fast (green) vector completely blocks the slow (red) one, this indicates the beginning of a new trend formation;
  • If the slow (red) oscillator begins to prevail over the fast (green) one, this indicates a slowdown of the trend, which, however, may continue to fade for some time;

The market inertia is represented by a slow oscillator, and the trends are represented by the fast one.

The combined values of the two oscillators provide a picture of the market, which is sufficient for making a decision to buy/sell or to close existing positions.

The indicator has two input parameters:

  • Inertia osc color - the color of the inertia oscillator;
  • Trend osc color - the color of the trend oscillator.

Translated from Russian by MetaQuotes Software Corp.
Original code:

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