ForexLine Metatrader 5 Indicator

ForexLine Metatrader 5 Indicator

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A trend indicator in the form of a moving average that changes color depending on trend direction. The trend direction is determined using a relative position of two smoothed averages, one of which is fast and the other one is slow.

The indicator uses SmoothAlgorithms.mqh library classes (copy it to MQL5Include). The use of the classes was thoroughly described in the article “Averaging Price Series for Intermediate Calculations Without Using Additional Buffers”.

The indicator has originally been written in MQL4 and was first published in the Code Base on 04.01.2016.
 

MT5 Indicator – Download Instructions

ForexLine Metatrader 5 Indicator is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.

ForexLine Metatrader 5 Indicator 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 ForexLine Metatrader 5 Indicator.mq5?

  • Download ForexLine Metatrader 5 Indicator.mq5
  • Copy ForexLine Metatrader 5 Indicator.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 ForexLine Metatrader 5 Indicator.mq5
  • Attach to a chart
  • Modify settings or press ok
  • Indicator ForexLine Metatrader 5 Indicator.mq5 is available on your Chart

How to remove ForexLine Metatrader 5 Indicator.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:
ForexLine Metatrader 5 Indicator

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