TriggerLines - indicatore per MetaTrader 5

The TriggerLines trend indicator draws two moving average lines colored in accordance with the trend direction:

• Up - green;
• Down - red.

The indicator has three input parameters:

• Period - calculation period (line 1);
• Smoothing - smoothing period (line 2);
• Applied price - price used for the calculation of the two lines.

WT = 6.0 * sum / K
Signal = EMA(WT, Smoothing)

sum = sum of (LV * Applied price) over the Period range
LV = (Period+1)/3
K = Period * (Period+1)