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Veles Trend Scalper

The indicator takes all available bar prices and МА for a certain time period and basing on these data shows the direction color specified in parameters.

For the sake of convenience this color is applied to the corresponding МА and the averaging method is selected. Mark how good it holds the market movement direction.


Parameters:

  • TrendPeriod - number of bars to calculate the trend
  • MaMetod - method of applied МА
  • Color_UP - color of upward direction
  • Color_DOWN - color of downward direction
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Version 2.0 - 2016.08.29
Increased number of decimal places in the displayed indicator buffers, which considerably improves the accuracy of produced values when using the indicator inside Expert Advisors.