AdxVma Trend - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
AdxVma trend, use adxvma steps to display trends.
The trend is based on similar values to ADX (hence the name adxvma), but is still different enough that the indicator shows different values than the adx trend. Values can be smoothed using one of 5 smoothing types:
PS: Regardless of the smoothing period or type, the status ("trend") of the indicator does not change. Smoothing is introduced to provide a clearer understanding of the direction of the trend, not to alert the trend value. Trend values depend entirely on adxvma calculations. It also does not change the trend when adxvma is used for smoothing (because in this case it is only used for smoothing and not for trend evaluation).
Attachment download
📎 adxvma_trend.mq5 (41.36 KB)
Source: MQL5 #17201
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