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Views:: 11197
Rating:: (19)
Published:: 2018.12.18 19:15

TrendLord.mq5 (8.35 KB) view

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Trend Lord trend-following indicator displays the current market trend in a separate window.

It has two configurable parameters:

Period - calculation period
Applied price

Calculation:

TrendLord = LWMA(MA, PeriodSQRT)

where:

PeriodSQRT = SQRT(Period)

MA - LWMA(Applied price, Period)

An upward trend is colored green, while a downward one is colored red. The flat movement is colored gray.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22515

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TrendLord - indicator for MetaTrader 5