Average Trend - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources - MetaTrader 5 Resources
The idea is simple: the indicator checks the slope of the average value (of the chosen type). The longer the slope in one direction, the greater the increase or decrease in the indicator value. Once the slope changes, the steps used to make the steeper values reset and the slope becomes less steep
You can use color changes as signals
Attachment download
📎 average_trend.mq5 (7.37 KB)
Source: MQL5 #24841
Average trend - MetaTrader 5 script | Trading script download - MT4/MT5 resource usage and screening suggestions
Average Trend - MetaTrader 5 Script | Trading Script Download - MT4/MT5 resources are trading script related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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