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Published:

2018.08.23 12:46

Trend_ID.mq5 (21.36 KB) view

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Trend identifier oscillator is a trend/flat identifier.

There are five inputs:

MA period - averaging МА period
MA applied price - averaging МА calculation price
Signal period - signal line period
Deviation period - deviation calculation period
Deviation factor

One of the possible interpretation methods:
If the signal line is inside the deviation corridor, then we can assume that the market is flat. If it is outside, the market is in a trend.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21417

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