Watch how to download trading robots for free
Find us on Telegram!
Join our fan page
Join our fan page
You liked the script? Try it in the MetaTrader 5 terminal
MA_Trend - indicator for MetaTrader 5
- Views:
- 8979
- Rating:
- Published:
- 2019.01.02 14:30
- Need a robot or indicator based on this code? Order it on Freelance Go to Freelance
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
MA_Slope
The MA Slope indicator
Intraday_Intensity_Open_FormThe Intraday Intensity Open Form indicator