Average Comprehensive Trend - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources

This indicator takes a series of averages and calculates the difference between the specified fastest average and the remaining averages. The results are considered trends.

You can (theoretically) use up to 256 averages to synthesize a trend. But in practice, due to the limitation of parameter input length, it depends on the number of periods you use, and how many periods are allowed to be entered in the period parameter. Enter periods separated by ";". The default periods used are "10;15;20;25;30;40;50;60" but you can use any periods you want and enter them in any order (the code will take care of the rest).

The averages that can be used are the standard average types:

The indicator changes color based on slope and zero line crossing. Any of these can be used as signals.

Attachment download

📎 averages_composite_trend.mq5 (13.88 KB)

Source: MQL5 #22862