FX_Trend - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

The Forex Trend Oscillator shows market conditions and its wave characteristics.

Crossing the 50.0 level and divergence from the oscillator chart and the price chart can serve as signals.

The indicator has four configurable parameters:

 FXT = K * ((Closing-L1) / (D1*Small range)+(Closing-L2) / (D2*Middle range)+(Closing-L3) / (D3*Large range))
D1 = H1 - L1
D2 = H2 - L2
D3 = H3 - L3
L1, H1 - the lowest and highest prices in the small range L2, H2 - the lowest and highest prices in the middle range L3, H3 - the lowest and highest prices in the large range K = 100.0 / (1/small range+1/medium range+1/large range)
 Attachment download
 📎 fx_trend.mq5 (11.06 KB)
 Source: MQL5 #21433