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Views:: 9585
Rating:: (30)
Published:: 2012.07.31 13:59
Updated:: 2016.11.22 07:32

weather_vane.mq5 (3.32 KB) view

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This indicator calculates last average price for a symbol and determines the trend direction, so it can be a signal to commit a trade operation.

Weather Vane Indicator

Tips:

It is recommended to use this indicator on M1 timeframe.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/613

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Weather Vane - indicator for MetaTrader 5