OzFX_D1_IndAES_v1.0 - MetaTrader 5 Script - MT4/MT5 Resources

A system containing three signal indicators in one window. The yellow line is a triggered trend indicator based on a simple moving average. Trends are defined based on price levels relative to moving averages. If the indicator value is above zero, it is an uptrend, if it is below zero, it is a downtrend.

The other two indicators are two histograms. One histogram has short bars (red and blue) and the other has long bars (pink and green). Both histograms were plotted using both the Accelerator and Stochastic technical indicators. Histogram triggers trading signals. A more optimal use of the histogram would be for the trend on the trigger to be the same color as the trend on the histogram.

This indicator has only one input parameter to adjust the period for triggering the moving average.

 //+------------------------------------------------+
//| Indicator input parameters
//+------------------------------------------------+
Input unit SMA_Filter_Period= 50 ; 

Figure 1 OzFX_D1_IndAES_v1.0 indicator

Attachment download

📎ozfx_d1_indaes_v1e0.mq5 (9.84 KB)

Source: MQL5 #1501