Rate_AOModPips - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
This indicator measures the rate of change of the smoothed difference between two exponential moving averages given by the AwesomeModPips indicator (the last indicator must be present).
There are four inputs: short_mean, long_mean, meanAO and meanSpeed. The first three inputs are required by the AwesomeModPips indicator (see details in the indicator's description). The last input, meanSpeed, is the period of the smoothed average of the difference between the current value and the previous value of the AwesomeModPips indicator.
In particular, this metric is positive when AwesomeModPips increases and negative when AwesomeModPips decreases. The higher the indicator (absolute value), the stronger the trend.
Attachment download
📎 rate_aomodpips.mq5 (4.55 KB)
📎 awesomemodpips.mq5 (5.21 KB)
Source: MQL5 #11682
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