ForexLineSign - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

A semaphore signal indicator that generates trading signals based on changes in trend direction. Trend direction is determined using the relative position of two smoothed moving averages, one fast and the other slow.

The indicator uses SmoothAlgorithms.mqh library class (copy it to \MQL5\Include). The use of the class "Average price series for intermediate calculations without using additional buffers" is described in detail in the article.

The indicator was originally written in MQL4 and first published in the code base on January 4, 2016.

Attachment download

📎 ForexLineSign.mq5 (11.85 KB)

📎 SmoothAlgorithms.mqh (130.2 KB)

Source: MQL5 #14858