Vivot Cross - Tape - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

Sylvain Vervoort's article "The Quest For Reliable Crossovers" in the May 2008 issue of TASC describes a trading system based on three functions: Triple Exponential Moving Average (TMA), Average Closing Price (HAC) and "Typical Price" (Typical Price). Vervoort's strategy is a typical cross strategy price and average ashi TMA

To make it easier to spot trend changes, this version was made as a separate window tape indicator. It shows the current trend status and indicates a certain "strength" of the trend

You can use color changes as signals

Vervoort's cross indicator "calculates" the lagging ashi "average" of heiken: price, so if you want to change more it is recommended to try different time periods and different price types. For trying the full set of heiken ashi prices is offered:

Attachment download

📎 vervoort_crossover_tape.mq5 (17.54 KB)

Source: MQL5 #23742