SlopeDirectionLine - MetaTrader 5 Script - MT4/MT5 Resource

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The SlopeDirectionLine trend indicator has the ability to change the averaging algorithm and trigger alerts, push notifications and send email messages.

Indicator input parameters:

 //+------------------------------------------------+
//|Indicator input parameters |
//+------------------------------------------------+
Input Smooth_Method MA_Method1= Mode_LWMA ; // The first smoothing method
Input unit length 1= 12 ; // first smoothing depth
Input integer stage 1 = 15 ; // first smoothing parameter
//--- Phase1: For JJMA, it can vary within the range of -100 ... +100. Affects the quality of the smoothing intermediate process;
//--- Phase1: For VIDIA, it is the CMO period, for AMA, it is the slow moving average period
Input Smooth_Method MA_Method2= Mode_SMA ; //The second smoothing average method
Input integer stage 2 = 15 ; // second smoothing parameter
//---Phase2: For JJMA, it can vary within the range of -100 ... +100. Affects the quality of the smoothing intermediate process;
//---Phase2: For VIDIA, it is the CMO period, for AMA, it is the slow moving average period
Input Application_Price_IPC= PRICE_CLOSE ; // Price constant
Enter integer shift = 0 ; // horizontal movement of the indicator in bars
Input integer price movement = 0 ; // vertical movement of the indicator in points
Input boolean On_Push = false ; // Allow sending push messages
Input boolean On_Email = false ; // Allow sending emails
Input boolean alert on = true ; // Allow placing alerts
input boolean playsound = false ; // Allow placement of sound signals
input string name file sound = "expert.wav" ; // file name with sound
Enter String Comment Sir Name = "Slope Direction Line:" ; // First part of the alert comment
Input unit signal column = 1 ; // Bar index for obtaining entry signals

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

Figure 1 SlopeDirectionLine indicator

Attachment download

📎 smoothalgorithms.mqh (134.03 KB)

📎 slopedirectionline.mq5 (10.2 KB)

Source: MQL5 #1489