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Views:: 3202
Rating:: (9)
Published:: 2018.06.06 12:38

MA_Difference.mq5 (13.31 KB) view

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The MA_Difference trend indicator displays the absolute difference between:

the price and the MA1
the price and the MA2
MA1 and MA2

The indicator has nine input parameters:

MA1 period - MA1 calculation period;
MA1 method - MA1 calculation method;
MA2 period - MA2 calculation period;
MA2 method - MA2 calculation method;
Applied price - price used for the calculation of two MAs;
Absolute difference - display the difference as an absolute value (Yes/No);
Show difference MA1/MA2 - whether to display the Difference line (Yes/No);
Show MA1 - whether to display the MA1 line (Yes/No);
Show MA2 - whether to display the MA2 line (Yes/No).

Indicator values can be interpreted similar to the standard ADX: high values of MA1 and MA2 point to the presence of a trend, low values indicate consolidation. The Difference line can be used as a threshold for determining high values of MA1 and MA2.

Fig.1. The difference in absolute values

Fig.2. The difference in relative values

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20268

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MA_Difference - indicator for MetaTrader 5