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Indicators

Average trend - indicator for MetaTrader 5

Mladen Rakic

Views:
1741
Rating:
votes: 8
Published:
2019.02.28 15:01

Theory :

The idea is simple : the indicator checks the slope of the (chosen type of) average. The longer the slope goes in one direction, the steeper the value of the indicator goes up or down. As soon as the slope changes, the step used for making steeper values is reset and it becomes less steep

Usage :

You can use the color change as signal


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RSI with CCI for confitrmation

Average trend - multi time frame Average trend - multi time frame

Short description.

Daily Percent Change Daily Percent Change

This indicator uses the open price for the day, and computes the percent change for that day. Use on any chart TF up to and including D1.