Trend indicator. The indicator displays the lines and compares direction of two moving averages: Moving Average and Slope Direction Line. If the indicator lines coincide, the price chart displays colored candles.
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
This is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.
This 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 MT5 Indicator to your MetaTrader 5 Chart?
- Download mq5 file below
- Copy the mq5 file 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 mq5 file
- Attach to a chart
- Modify settings or press ok
- And the Indicator is available on your Chart
How to remove MT5 Indicator 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
(Free Download)
Click here below to download:
