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The Slope

4.25

The Slope is an MT4 indicator that calculates the slope of the price, and draws a histogram so you could see when it's positive, negative, or ranging.


Key Features:

  • Calculates Slope of the Line Chart
  • Shows the numbers as a Histogram below the chart
  • Choose Different Periods for calculating the slope.
  • Sends Alerts and Push Notifications when slope changes direction

Settings:

CalculationPeriod: The number of bars used to calculated the slope (for example, if CalculationPeriod = 10, The Slope will calculate the slope of the last 10 bars).
GetAlerts: true/false. If set to true you will receive Alerts on Mt4 when the slope of the current chart changes direction (positive/negative).
PushNotifications: true/false. If set to true you will receive Push Notifications on your phone when the slope of the current chart changes direction (positive/negative).
DrawArrows: true/false. If set to true Arrows will be drawn on the main chart one bar after the slope switches directions.

Get a Multi-Currency, Multi-Timeframe scanner of The Slope here:
https://www.mql5.com/en/market/product/38800

If you like the indicator, please don't forget to leave a review.

Watch my live trading videos here:
Youtube Channel: nelhajj trading
Reviews 6
rainwalker123
3363
rainwalker123 2019.09.30 05:21 
 

Thank you very much, for providing help to other traders here in the forum, with such a great indicator, which can be adjusted to the own strategys

Many green pips to the author

sunnychow
8753
sunnychow 2019.05.24 19:50 
 

thanks for share

Martin Brown
706
Martin Brown 2019.11.07 18:41 
 

Very good tool. If you tweak the inputs, can give you one of the very first indications that market is changing directions.

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amir6113
14
amir6113 2022.02.09 00:03 
 

very good

forexva
124
forexva 2021.04.02 22:20 
 

One of a set of lagging indicators!

cvdestyfx
2702
cvdestyfx 2020.07.20 00:31 
 

Useful indicator. But be careful! Just because you get an arrow it doesn't mean you should place a trade. Other things should be considered before placing a trade, such as the direction of the trend from a higher timeframe. Publisher is responsive to questions/issues.

Martin Brown
706
Martin Brown 2019.11.07 18:41 
 

Very good tool. If you tweak the inputs, can give you one of the very first indications that market is changing directions.

rainwalker123
3363
rainwalker123 2019.09.30 05:21 
 

Thank you very much, for providing help to other traders here in the forum, with such a great indicator, which can be adjusted to the own strategys

Many green pips to the author

sunnychow
8753
sunnychow 2019.05.24 19:50 
 

thanks for share

Reply to review
Version 1.2 2020.07.20
Chart comment removed
Version 1.1 2019.06.04
Added the option to draw arrows on the main chart when slope switches directions.