Market / MetaTrader 4 / Indicators /

Lykov Skill of Trend

65 USD

Demo downloaded: 4

Published: 19 June 2025

Current version: 1.0

Lykov Skill of Trend

Indicators
Sergei Lykov
Sergei Lykov
Russia

220
- https://mtexperts.narod.ru/
Version: 1.0
Activations: 5

This indicator does not use any standard oscillators or indicators. All its calculations are based only on the prices of the last N bars of the chart.

The indicator has the ability to display values from a larger timeframe chart.

Features of the indicator

The indicator can display the value in three different ways. You can choose the display type that is convenient for you.

"Trend" mode: this is a histogram strip; a green histogram indicates a Buy trend, a red one indicates a Sell trend, and a gray one indicates no trend.
"Skill of Trend (Histograms)" mode: this is an oscillator of red and green histograms that indicate the skill of the trend.
"Skill of Trend (Line)" mode: this is an oscillator in the form of a line that indicates the skill of the trend.

The skill of trend is measured as integers in the range from -5 to 5. In this case: values 3, 4 and 5 indicate a weak, medium and strong Buy trend respectively; values -3, -4, -5 indicate a weak, medium and strong Sell trend respectively; values -2, -1, 0, 1 and 2 indicate the absence of a clear trend.

Input parameters

CountMaxBars: the number of the last bars of the chart on which to display the indicator values; value "0" = display the indicator values on all bars of the chart.
TimeFrame: the timeframe for the indicator. This parameter allows you to display the indicator values from a higher timeframe. For example, you can run the indicator on the M15 chart and display the indicator values from the H1 chart.
Mode_View: determines the display type for the indicator = "Trend", "Skill of Trend (Histograms)" or "Skill of Trend (Line)".
Indicator_Period: the main parameter of the indicator; this is the number of the last bars on which the indicator calculates the value.
Indicator_AppliedPrice: defines the price type used by the indicator when calculating the value = "High / Low" or "Close".
UseAlerts: master switch for all types of signals. The indicator generates a signal on the first bar of the trend.
Alerts_SignalBar_Mode: defines the bar on which signals = "Current Bar" or "Last Closed Bar" are generated.
PopUpAlert: enable/disable the signal as a pop-up window "Alerts".
SoundAlert: enable/disable the sound signal.
SoundAlert_FileName_Buy: name of the sound file to be played for the "Buy" signal.
SoundAlert_FileName_Sell: name of the sound file to be played for the "Sell" signal.
EmailAlert: enable/disable the signal as an email.
Send_Notification: enable/disable the signal as a "Notification".

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Lykov Skill of Trend

Sergei Lykov