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2011.11.16 16:47
Indicators

LeManTrend - indicator for MetaTrader 5

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Published by:
Nikolay Kositsin
Views:
2989
Rating:
votes: 11
lemantrend.mq5 (6.95 KB)view
\MQL5\Include\

Real author:

LeMan

LeManTrend determines a trend position based on the current price and high and low prices for three periods.

See also LeManSignal.

The indicator uses SmoothAlgorithms.mqh library classes (must be placed to the terminal_data_folder\MQL5\Include). The use of the classes was thoroughly described in the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers".

This indicator was first implemented in MQL4 and published in Code Base 06.08.2009.

LeManTrend

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/563

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