This indicator is a modification of classical Awesome indicator.
It computes the smoothed rate of change of two exponential means. More precisely, the indicator has 5 inputs: shortmean, mediummean and longmean stand for three exponential averages (by default 18, 40 and 200, respectively). The last two inputs indicate the exponential average for the rate of change between the shortmean-mediummean and mediummean-longmean.
In the followng image you can show this indicator in a hourly chart of USDJPY with inputs 5, 34 and 200 for the exponential means and 12 and 18 for the means of the rates of change. You can compare the indicator with the classical Awesome indicator which has as inputs for the exponential averages 5 and 34.
MT5 Indicator – Download Instructions
Awesome Modified is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.
Awesome Modified provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install Awesome Modified.mq5?
- Download Awesome Modified.mq5
- Copy Awesome Modified.mq5 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader 5 Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
- Right click on Awesome Modified.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator Awesome Modified.mq5 is available on your Chart
How to remove Awesome Modified.mq5 from your Metatrader 5 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
Click here below to download MT5 Indicator: