Trend-following Slope Direction Line / Moving Average confirmation bars signal indicator is an equivalent of Slope Direction Line / Moving Average confirmation candles indicator. It compares direction of two moving averages: Moving Average and Slope Direction Line and displays colored signal pointers in a separate window. Their colors correspond to the match/mismatch of Slope Direction Line and Moving Average lines direction.
It has six input parameters:
- MA period – Moving Average calculation period
- MA method – Moving Average calculation method
- MA applied price – Moving Average calculation price
- SDL period – Slope Direction Line calculation period
- SDL method – Slope Direction Line calculation method
- SDL applied price – Slope Direction Line calculation price
MT5 Indicators – Download Instructions
Slope Direction Line Bar MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.
Slope Direction Line Bar 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 Slope Direction Line Bar MT5 Indicator.mq5 to your MetaTrader 5 Chart?
- Download Slope Direction Line Bar MT5 Indicator.mq5
- Copy Slope Direction Line Bar 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 Slope Direction Line Bar MT5 Indicator.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator Slope Direction Line Bar MT5 Indicator.mq4 is available on your Chart
How to remove Slope Direction Line Bar 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
Slope Direction Line Bar MT5 Indicator (Free Download)
Click here below to download: