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Trend Action 16

Mathematical calculations bases on price and past history of prices.

Based on price calculations forefinger traces the current trend in the histogram.

Great indicator for Scalper or for long and medium trades.

For short periods the iPeriodPrev parameter must be 14.

For longer periods the iPeriodPrev parameter must be 61 or 100 or more.

All pairs.


Periods:

  • M1
  • M5
  • M15
  • M30
  • H1
  • H4
  • D1
  • W1
  • MN


Indicator parameters in the chart:

  • iPeriodPrev=14 - Period used to calculate the indicator.
  • Color_HIS_Buy=Aqua - Histogram color of the indicator for Buy.
  • Color_HIS_Sell=Red - Histogram color of the indicator for Sell.


Histogram of the average parameters:

  • ShowMA - Display the moving average of the indicator histogram;
  • iMAPeriod=7 - Period used in the moving average of the indicator histogram.
  • Color_MA=White - Color of the moving average of the indicator histogram.
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