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You liked the script? Try it in the MetaTrader 5 terminal
Average trend - indicator for MetaTrader 5
- Views:
- 16156
- Rating:
- Published:
- 2019.02.28 15:01
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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
Average trend - multi time frame
Short description.
Daily Percent ChangeThis 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.