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Views:: 5128
Rating:: (9)
Published:: 2018.07.13 16:02

Swing_Shift.mq5 (10.44 KB) view

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Oscillator Swing Shift displays the MA slope value exceeding the pre-defined threshold and the change in the moving average movement direction as a pulse-changing direction of the indicator histogram.

It has four configurable parameters:

Period - calculation period
Method - calculation method
Applied price - calculation price
Threshold - MA slope value threshold

Calculations:

SS = 100.0 * (MA - Anchor) / Anchor

where:

If Slope > Threshold и PrevTrend < 1
```
Anchor = MA
Trend = 1
```

Otherwise, if Slope < - Threshold и PrevTrend > 0
```
Anchor = MA
Trend = 0
```

Otherwise
```
Anchor = PrevAnchor
Trend = PrevTrend
```

Slope = (MA - PrevMA)*Point
MA = MA(Applied price, Period, Method)

Fig 1. Indicator Swing Shift with default settings

Fig. 2. Swing Shift and a comparative MA with the same settings

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21330

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