THV3 MTF_Ichimoku_v1.mq4
Another Metatrader Indicator
Showing posts with label T. Show all posts
Showing posts with label T. Show all posts
Feb 11, 2010
Feb 10, 2010
Dec 15, 2009
Oct 1, 2009
Sep 30, 2009
Sep 19, 2009
Trend Indicator
Download HERE
Description:
This indicator is used to show the trend of the 30 min charts. The trend is determined based on the moving average. If the short period MA is above the long period MA, it is an Up Trend and conversely it is a Down Trend if the short period MA is below the long period MA. I also use ROC as an additional rules to montior the trend.
Ths Trend Indicator will give 5 output values:
2: Strong Up Trend
1: Up Trend
0: No Trend
-1: Down Trend
-2: Strong Down Trend
The external variables that you can see in this indicator are:
ROC_MA_Period & ROC_Period : I like to use 200 for both as I like to look at the long term trend.
MA_Short_Period & MA_Long_Period : For you to insert he period of your preferred short and long term period.
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