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Published:

2014.03.25 15:40

Updated:

2016.11.22 07:32

lsma_angle.mq5 (8.47 KB) view

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Real author:

LSMA_Angle

A trend indicator drawn in the form of a histogram. When a trend is weak, the histogram is gray.

The trigger threshold is determined by the value of the indicator input parameter:

input int  AngleTreshold=15; // Trigger threshold

When the price change direction coincides with the histogram direction, the histogram is dark, otherwise it is bright.

Figure 1. The LSMA_Angle indicator

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/2174

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LSMA_Angle - indicator for MetaTrader 5