Market / MetaTrader 4 / Indicators /

The Slope

FREE

Published: 20 May 2019

Current version: 1.2

The Slope

Indicators
Naim El Hajj
Version: 1.2
Updated: 20 July 2020

The Slope is an MT4 indicator that calculates the slope of the price, and draws a histogram so you could see when it's positive, negative, or ranging.

Key Features:

Calculates Slope of the Line Chart
Shows the numbers as a Histogram below the chart
Choose Different Periods for calculating the slope.
Sends Alerts and Push Notifications when slope changes direction

Settings:

CalculationPeriod: The number of bars used to calculated the slope (for example, if CalculationPeriod = 10, The Slope will calculate the slope of the last 10 bars).
GetAlerts: true/false. If set to true you will receive Alerts on Mt4 when the slope of the current chart changes direction (positive/negative).
PushNotifications: true/false. If set to true you will receive Push Notifications on your phone when the slope of the current chart changes direction (positive/negative).
DrawArrows: true/false. If set to true Arrows will be drawn on the main chart one bar after the slope switches directions.

Get a Multi-Currency, Multi-Timeframe scanner of The Slope here:
https://www.mql5.com/en/market/product/38800

If you like the indicator, please don't forget to leave a review.

Watch my live trading videos here:
Youtube Channel: nelhajj trading

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8932

sunnychow 2019.05.24 19:50 #

thanks for share

721

Martin Brown 2019.11.07 18:41 #

Very good tool. If you tweak the inputs, can give you one of the very first indications that market is changing directions.

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Filter:

amir6113 2022.02.09 00:03 #

very good

124

forexva 2021.04.02 22:20 #

One of a set of lagging indicators!

2702

cvdestyfx 2020.07.20 00:31 #

Useful indicator. But be careful! Just because you get an arrow it doesn't mean you should place a trade. Other things should be considered before placing a trade, such as the direction of the trend from a higher timeframe. Publisher is responsive to questions/issues.

721

Martin Brown 2019.11.07 18:41 #

Very good tool. If you tweak the inputs, can give you one of the very first indications that market is changing directions.

3386

rainwalker123 2019.09.30 05:21 #

User didn't leave any comment to the rating

8932

sunnychow 2019.05.24 19:50 #

thanks for share

Version 1.2 2020.07.20

Chart comment removed

Version 1.1 2019.06.04

Added the option to draw arrows on the main chart when slope switches directions.