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Published:

2018.09.27 15:26

Triggerlines.mq5 (11.01 KB) view

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The TriggerLines trend indicator draws two moving average lines colored in accordance with the trend direction:

The indicator has three input parameters:

Calculations:

WT = 6.0 * sum / K
Signal = EMA(WT, Smoothing)

where:

sum = sum of (LV * Applied price) over the Period range
LV = (Period+1)/3
K = Period * (Period+1)

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21698

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