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Chart Trend Checker with Moving Averages MT5

FREE

Published: 10 October 2023

Current version: 1.2

Chart Trend Checker with Moving Averages MT5

Name: Chart Trend Checker with Moving Averages MT5
Rating: 5 (2 reviews)
Author: Patrick Murage Gichuki

Indicators
Patrick Murage Gichuki
Version: 1.2
Updated: 11 October 2023

This MT5 chart trend checker cuts through the noise of market volatility to provide a clearer picture of trends and price movements. It includes the following features that can provide more clarity during market assessments:

1 customizable multi-period moving average
Optional Heikin-Ashi candles
3 switchable focus modes
Distinct colors for easy analysis

Link to MT4 version: https://www.mql5.com/en/market/product/106708/

This indicator shows your preferred moving average from multiple time frames in one chart. They include the MA from the current chart's time frame, the MAs from two time frames above it, and the MA from one time frame below it. For example, if the chart is on the 1 Hour time frame, the displayed MAs will be the 15 minute MA, the 4 Hour MA, and the Daily MA.

The indicator's focus modes can be useful for checking trends and confirming the market bias. They include:

A simple mode that replaces the chart's candles or bars with a 1-period SMA of the closing price
An intermediate mode that replaces the 1 SMA with Heikin-Ashi candles
The full view mode that shows both the 1 SMA and the Heikin-Ashi candles

These modes can be easily accessed via the keyboard: press 'Q' to show the 1 SMA, 'S' for the Heikin-Ashi candles, and 'E' for the full mode. You can exit the trend checker mode by pressing the key for the mode the chart is currently in (e.g. 'E' if the chart is in full view mode) or pressing the 'Esc' key.

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2678

Detleff Böhmer 2023.10.13 09:52 #

Bin sehr zufrieden, gut gemacht, die Signale sind zuverlässig. Danke!!

1045

Findolin 2023.10.11 17:12 #

Excellent idea! Simple and awesome to the same time. Thank you very much.

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Filter:

2678

Detleff Böhmer 2023.10.13 09:52 #

Bin sehr zufrieden, gut gemacht, die Signale sind zuverlässig. Danke!!

1195

Reply from developer Patrick Murage Gichuki 2023.10.14 17:22 #

Gern geschehen, alles Gute.

88590

Evgeny Belyaev 2023.10.12 20:01 #

User didn't leave any comment to the rating

1195

Reply from developer Patrick Murage Gichuki 2023.10.14 17:15 #

Thanks.

1045

Findolin 2023.10.11 17:12 #

Excellent idea! Simple and awesome to the same time. Thank you very much.

1195

Reply from developer Patrick Murage Gichuki 2023.10.11 21:06 #

Thank you for the feedback, I am happy you found it useful.

Version 1.2 2023.10.11

Resource usage optimizations