LSMA_Angle - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Trend indicator plotted as a histogram. When the trend is weak, the histogram is gray.
The trigger threshold is determined by the value of the indicator input parameter:
Input integer angle threshold = 15 ; // trigger threshold
When the price change direction coincides with the direction of the histogram, the histogram is dark, otherwise it is light.
Figure 1. LSMA_Angle indicator
Attachment download
📎lsma_angle.mq5 (8.47 KB)
Source: MQL5 #2174
LSMA_Angle - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resource usage and screening suggestions
LSMA_Angle - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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