TrendValue indicator for MetaTrader 5
TrendValue indicatorwritten for the trading platform MetaTrader 5The TrendValue is a trend indicator superimposed from above on the price chart. The main purpose of TrendValue is to obtain information about the current market situation and to search for entry signals in combination with other indicators.
The basis TrendValue indicator for MetaTrader 5 are moving averages and ATRwhich allows you to make it more sensitive in a flat. The default settings are oriented to M5.
Parameters of the TrendValue indicator for MetaTrader 5
- period - period of moving averages used in the work. For higher TF it is recommended to increase.
- shiftPercent - horizontal shift of the indicator in percent.
- ATRPeriod - period of the ATR indicator used in the calculation.
- ATRSensitivity - ATR shift sensitivity.
- shift - shift of the indicator horizontally in bars.
Commentary from ForTrader.org: TrendValue is not a bad trend MT5 indicator, able to give good signals in the combined indicator strategies, better than in the crossover of moving lines or signals MACD.