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This trend indicator shows the current trend direction and closing moments.

There are 3 variants of this indicator:

ColorJVariation.mq5 uses the СJJMA class of the SmoothAlgorithms.mqh library, as described in the article "Intermediate calculation of average price series without using additional buffers" .

Variation.mq5, ColorVariation.mq5 and ColorJVariation.mq5 must be placed in the terminal data folder \MQL5\Indicators.

The indicator was first implemented in MQL4 and published in the code base on July 14, 2010.

Attachment download

📎 colorjvariation.mq5 (7.41 KB)

📎 colorvariation.mq5 (5.86 KB)

📎 variation.mq5 (5.31 KB)

📎 smoothalgorithms.mqh (133.8 KB)

Source: MQL5 #422