The MA Trend oscillator indicator statistically compares the position of a price relative to the MAs fan, which allows to identify the current market trend. Obtained data is displayed as a colored histogram in a separate window.
It has five input parameters:
- First MA period – the period of the first Moving Average in the fan
- Step – period increase step for further Moving Averages in the fan
- MA count – the number of Moving Averages in the fan
- Method – method for calculating the Moving Averages
- Applied price – moving averages calculation price
Calculation:
MA_Trend = Sum(S) / MA count
where:
- If Close is above the MA
S(N) = 1
- If Close is below the MA
S(N) = -1
N – the number of the Moving Average in the fan
MA – MovingAverage(Applied price, PeriodN, Method)
PeriodN = First MA period + Step * N
MT5 Indicators – Download Instructions
MA Trend MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.
MA Trend MT5 Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
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How to install MA Trend MT5 Indicator.mq5 to your MetaTrader 5 Chart?
- Download MA Trend MT5 Indicator.mq5
- Copy MA 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 MA Trend MT5 Indicator.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator MA Trend MT5 Indicator.mq4 is available on your Chart
How to remove MA 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
MA Trend MT5 Indicator (Free Download)
Click here below to download:
La entrada MA Trend MT5 Indicator se publicó primero en ForexMT4Indicators.com.