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

LeManTrend determines the trend position based on the current price and the high and low prices of three periods.

See Lerman Signal Corporation .

This indicator uses the SmoothAlgorithms.mqh library class (must be placed in the 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.

The indicator was first implemented in MQL4 and published in the code base on August 6, 2009.

Attachment download

📎 colorlemantrend.mq5 (8.21 KB)

📎lemantrend.mq5 (6.95 KB)

📎 smoothalgorithms.mqh (133.8 KB)

Source: MQL5 #563