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You liked the script? Try it in the MetaTrader 5 terminal

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34416

Rating:

(18)

Published:

2008.02.25 15:36

Updated:

2014.04.21 14:52

Slope_Direction_Line.mq4 (4.1 KB) view

SlopeDirection_MTF.mq4 (3.32 KB) view

SlopeDirection_MTF_.mq4 (2.7 KB) view

Download as ZIP, How to download code from MetaEditor

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It is a simple indicator that supplements the existing Slope Direction Line.
It is on the basis of a multi-time indicator. That is why a basic indicator is necessary. It is attached below.

You can find the information about the system here: http://forum.profiforex.ru/showthread.php?p=15982#post15982

The system uses the method of 3 screens.

Nowadays the 3-screen method is often substituted by MultiTime indicators. The same can be done in this indicator.

Its settings are very simple.

P.S. This MTF indicator can be used for the formation of multi-frame lines for any basic indicator.
The settings of your basic indicator must be of the same type as in the MTF indicator. The settings name does not matter.
In MTF indicator settings change the name into the name of your basic indicator.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/7751

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SlopeDirection_MTF - indicator for MetaTrader 4