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Views:: 8694
Rating:: (26)
Published:: 2018.09.27 15:13

Slope_Direction_Line.mq5 (12.43 KB) view

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The Slope Direction Line indicator is displayed as a colored moving average line indicating the average market movement direction.

The indicator has three input parameters:

Period - calculation period;
Method - calculation method;
Applied price - price used for calculations.

Calculations:

SDL = MA(Vector, Sqrt(Period), Method)

where:

Vector = 2*MA2 - MA
MA2 - MA(Applied price, Period/2, Method)
MA - MA(Applied price, Period, Method)

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21674

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