StepMA_3D_v3 - MetaTrader 5 script | Forex indicator download - MT4/MT5 resources

Actual author : Trend Lab

Trend indicator with three moving averages of different periods, using average true volatility in calculations.

 //+------------------------------------------------------------------------+
//|Indicator input parameters |
//+------------------------------------------------------------------------+
Input unit length = 10 ; // ATR period
Enter double Kv = 1.000001 ; // sensitivity to price changes
Input ENUM_MA_MODE MA_Mode = MODE_SMA_; // ATR averaging method
Enter integer ShiftMIN = 0 ; // Horizontal movement of the fast trend indicator in bars
Input integer ShiftMID = 0 ; // Horizontal movement of the medium-term trend indicator in bars
Enter integer ShiftMAX = 0 ; // Horizontal movement of the Slow Trend indicator in bars

The green moving average is a fast trend indicator. The red and blue moving averages identify slow trends. If the blue line is above the red line, the trend is growing, otherwise the trend is falling.

Figure 1. StepMA_3D_v3 indicator

Attachment download

📎 stepma_3d_v3.mq5 (22.03 KB)

Source: MQL5 #21846