AetherGauge Directional Consistenc

AetherGauge Directional Consistency FAST — MQL5 Market Product Description

Short Description

AetherGauge Directional Consistency FAST is an optimized MetaTrader 5 custom indicator that measures close-to-close directional persistence, compares it with a signal line, and displays bullish or bearish consistency crosses using histogram and optional arrows.

Main Description

AetherGauge Directional Consistency FAST is an optimized version designed to reduce tester load during MQL5 Market automatic validation. It keeps the original close-to-close consistency logic but avoids full heavy recalculation on every tick.

The indicator counts bullish and bearish close-to-close steps over the selected Consistency Period. The difference between bullish and bearish steps is normalized into a bounded oscillator from -100 to +100.

A positive value suggests repeated bullish closes. A negative value suggests repeated bearish closes. Values near zero suggest mixed or inconsistent direction.

The signal line is calculated as a simple moving average of the Directional Consistency line. Optional arrows appear when the consistency line crosses the signal line with enough strength. By default, signals are based on closed bars only.

Core Logic

If Close[current] > Close[previous], the step is counted as bullish.

If Close[current] < Close[previous], the step is counted as bearish.

If Close[current] equals Close[previous], the step is neutral.

Directional Consistency = 100 × (Bullish Steps - Bearish Steps) / Total Steps

Signal Line = SMA of Directional Consistency

Key Features

- Optimized calculation for faster tester execution.

- Directional consistency oscillator.

- Close-to-close persistence logic.

- SMA signal line.

- Bullish and bearish histogram.

- Optional buy and sell arrows.

- Optional popup alerts.

- Closed-bar signal mode by default.

- No future data.

- No repainting of closed-bar signals.

- No automatic trading.

- No DLL.

- No WebRequest.

- No file access.

Input Parameters

Consistency Period

Default: 20

Controls how many close-to-close steps are used to measure directional consistency.

Signal Period

Default: 9

Controls the smoothing period of the signal line.

Minimum Signal Strength

Default: 10.0

Controls the minimum positive or negative consistency value required for an arrow signal.

Show Histogram

Default: true

Shows or hides the bullish and bearish histogram.

Show Arrows

Default: true

Shows or hides consistency cross arrows.

Use Current Bar For Signals

Default: false

If false, arrows are generated from closed bars only. If true, current-bar arrows may appear and can change before the candle closes.

Enable Popup Alerts

Default: false

Enables or disables popup alerts.

Alert On Current Bar

Default: false

Controls whether alerts are based on the current forming bar or the last closed bar.

No-Repaint Explanation

By default, Use Current Bar For Signals is false. Signals are generated on closed candles only. The indicator calculates each bar using only data available at that bar and older bars. It does not use future candles.

Risk Disclaimer

Trading financial markets involves risk. This indicator is a technical analysis tool and does not guarantee future results.