FX Trend oscillator displays the market status and its wave characteristic.
Crossing the level of 50.0 and divergence of the oscillator graph and price chart can serve as signals.
The indicator has four configurable parameters:
- Small range of bars – small calculation range
- Middle range of bars – middle calculation range
- Big range of bars – large calculation range
- Threshold level – threshold (signal) level (default is 50)
FXT = K * ((Close-L1) / (D1*Small range)+(Close-L2) / (D2*Middle range)+(Close-L3) / (D3*Big range))
D1 = H1 – L1 D2 = H2 – L2 D3 = H3 – L3 L1, H1 – the lowest and the highest prices in the Small range L2, H2 – the lowest and the highest prices in the Middle range L3, H3 – the lowest and the highest prices in the Big range K = 100.0 / (1/Small range+1 / Middle range+1 / Big range)
MT5 Indicators – Download Instructions
FX Trend MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.
FX Trend MT5 Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly. Click here for MT5 Strategies
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How to install FX Trend MT5 Indicator.mq5 to your MetaTrader 5 Chart?
- Download FX Trend MT5 Indicator.mq5
- Copy FX Trend MT5 Indicator.mq5 to your Metatrader 5 Directory / experts / indicators /
- Start or restart your Metatrader 5 Client
- Select Chart and Timeframe where you want to test your mt5 indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
- Right click on FX Trend MT5 Indicator.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator FX Trend MT5 Indicator.mq4 is available on your Chart
How to remove FX Trend MT5 Indicator.mq5 from your Metatrader 5 Chart?
- Select the Chart where is the Indicator running in your Metatrader 5 Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
FX Trend MT5 Indicator (Free Download)
Click here below to download: