This indicator measures the rate of change of the smoothed difference between two exponential moving averages given by AwesomeModPips indicator (it is necessary to have this last indicator).
There are four inputs: short_mean, long_mean, meanAO and meanSpeed. The first three inputs are the ones needed for AwesomeModPips indicator (see details in the description of this indicator). The last input, meanSpeed, is the period of the smoothed average for the difference for the current and the previous value of the AwesomeModPips indicator.
In particular, the indicator is positive whenever AwesomeModPips is increasing and it is negative whenever AwesomeModPips is decreasing. The higher is the indicator (in absolute value) the strongest is the trend.
MT5 Indicators – Download Instructions
Rate_AOModPips – indicator for MetaTrader 5 is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.
Rate_AOModPips – indicator for MetaTrader 5 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 Rate_AOModPips – indicator for MetaTrader 5.mq5 to your MetaTrader 5 Chart?
- Download Rate_AOModPips – indicator for MetaTrader 5.mq5
- Copy Rate_AOModPips – indicator for MetaTrader 5.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 Rate_AOModPips – indicator for MetaTrader 5.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator Rate_AOModPips – indicator for MetaTrader 5.mq4 is available on your Chart
How to remove Rate_AOModPips – indicator for MetaTrader 5.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
Rate_AOModPips – indicator for MetaTrader 5 (Free Download)
Click here below to download: