Trend Signal trend-following indicator specifies the change of a trend when Close price breaks through the specified range of bars upwards or downwards.
The Risk parameter allows defining the distance from the extreme price for this period.
We define it as a percentage of the range for this period.
It has two configurable parameters:
- Period – range calculation period
- Risk – percentage of range over Period
Calculation:
- If PrevClose < Max and Close > Max
Upward breakthrough = Bullish signal
- If PrevClose > Min and Close < Min
Downward breakthrough = Bearish signal
where:
Max = max-(max-min) * Risk / 100.0
Min = min+(max-min) * Risk / 100.0
Max, min are the highest and lowest prices within the Period interval
MT5 Indicators – Download Instructions
Trend Signal MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.
Trend Signal 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 Trend Signal MT5 Indicator.mq5 to your MetaTrader 5 Chart?
- Download Trend Signal MT5 Indicator.mq5
- Copy Trend Signal 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 Trend Signal MT5 Indicator.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator Trend Signal MT5 Indicator.mq4 is available on your Chart
How to remove Trend Signal 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
Trend Signal MT5 Indicator (Free Download)
Click here below to download:
La entrada Trend Signal MT5 Indicator se publicó primero en ForexMT4Indicators.com.