TrendManager - MetaTrader 5 Script - MQL5 #21768 - MT4/MT5 Resources

Trend indicator based on the difference between two moving averages. If the difference between the MAs is greater than the trigger threshold, the market is considered to be in trend:

 Input unit DV limit = 70 ; // Trigger threshold for price chart points

The indicator uses SmoothAlgorithms.mqh library class (copy it to \MQL5\Include). A detailed description of the class can be found in the article Average price series for intermediate calculations without using additional buffers .

Figure 1. TrendManager indicator

Attachment download

📎 SmoothAlgorithms.mqh (130.2 KB)

📎 TrendManager.mq5 (16.18 KB)

Source: MQL5 #21768