Watch how to download trading robots for free

Find us on Telegram!
Join our fan page

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

IT.mq5 (8.83 KB) view

: Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

The indicator shows John Ehlers trendline on the price chart.

Calculations:

Instantaneous Trendline = MVA(Price, Period) + SmoothSlope/2,

where:

SmoothSlope[i] = (Slope[i] + 2*Slope[i-1] + 2*Slope[i-2] + Slope[i-3])/6,
Slope[i] = Price[i] - Price[i-Period+1]

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20569

John Ehlers Cyclic Component Indicator.

AwesomeMod

Modified Awesome Oscillator.

Stochastic_Fast

Fast Stochastic.

Stochastic_Slow

Slow Stochastic.

IT - indicator for MetaTrader 5