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

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When it crosses the zero line, this trend indicator shows the direction of the trade and when it will take to close the trade. The final averaging of the indicator is performed by a digital filter selectable in the SmoothPower parameter.

The indicator uses classes of the SmoothAlgorithms.mqh library. How to use this class is described in detail in the article "Average price series for intermediate calculations without using additional buffers" .

The indicator was first implemented in MQL4 and published in the code base on August 19, 2010.

Figure 1 DigVariation indicator

Attachment download

📎 digvariation.mq5 (22.22 KB)

📎 smoothalgorithms.mqh (134.03 KB)

Source: MQL5 #1122