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Indicators

TrendFlex - indicator for MetaTrader 4

Mladen Rakic
Views:
25514
Rating:
(16)
Published:
2020.03.03 18:45
Download as ZIP, How to download code from MetaEditor
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The background :

In “Reflex: A New Zero-Lag Indicator” in this issue, author John Ehlers introduces a new averaging indicator that he has designed with reducing lag in mind. According to the author, this new indicator can be used to generate signals in a more timely manner than other lagging calculations. This is a continuation of hist article and is the extended TrendFlex indicator (that differs from the "reflex") indicator

It is a sort of a momentum like indicator and should be used like that. Default set is rather long - as usual some experimenting with the parameters should be done prior to using it in trading decisions


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