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Published:

2019.01.02 14:30

MA_Trend.mq5 (42.22 KB) view

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The MA Trend oscillator indicator statistically compares the position of a price relative to the MAs fan, which allows to identify the current market trend. Obtained data is displayed as a colored histogram in a separate window.

It has five input parameters:

First MA period - the period of the first Moving Average in the fan
Step - period increase step for further Moving Averages in the fan
MA count - the number of Moving Averages in the fan
Method - method for calculating the Moving Averages
Applied price - moving averages calculation price

Calculation:

MA_Trend = Sum(S) / MA count

where:

If Close is above the MA
S(N) = 1

If Close is below the MA
S(N) = -1

N - the number of the Moving Average in the fan

MA - MovingAverage(Applied price, PeriodN, Method)

PeriodN = First MA period + Step * N

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/23125

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Brief Description

MA_Trend - indicator for MetaTrader 5