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Views:: 4797
Rating:: (12)
Published:: 2018.12.28 13:10
Updated:: 2019.01.17 11:29

Simple_Slope.mq5 (5.89 KB) view

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Oscillating indicator Simple slope is a simple price-trend oscillator. It is good at removing the trend-related component from price movements.

It has one adjustable parameter:

Period - calculation period

Calculations:

SS = (Close - Close[Period]) / Period

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22695

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Simple_Slope - indicator for MetaTrader 5