Trading the trend - indicator for MetaTrader 5
This indicator was already published, but in these times of perpetual complaints that the terminal (mt5 or mt4 does not matter) is slow,
this one is one more in the "need for speed" series. It reminds of ye olde saying : "Whatever can be done in 1 second on Cray can be done in 1
second on Spectrum". Well not exactly, but the essence is very close to correct
This one is based on "Trading the Trend" article by Andrew Abraham published in TASC and has optimized critical parts that could cause
slowdown (especially when called using iCustom() calls - that is one of the reasons why the display type is not adjusted automatically
but from the parameters).
TrendSize - indicator for MetaTrader 5
The indicator provides a lot of information for analysis. A trend change occurs when a maximum is broken, a minimum for N (Range
The main use strategy is that if the histogram of the indicator starts to take bright colors, then it is probably too late to enter the
direction of the trend.