This indicator measures the rate of change of the smoothed difference between two exponential moving averages given by AwesomeModPips indicator (it is necessary to have this last indicator).
There are four inputs: short_mean, long_mean, meanAO and meanSpeed. The first three inputs are the ones needed for AwesomeModPips indicator (see details in the description of this indicator). The last input, meanSpeed, is the period of the smoothed average for the difference for the current and the previous value of the AwesomeModPips indicator.
In particular, the indicator is positive whenever AwesomeModPips is increasing and it is negative whenever AwesomeModPips is decreasing. The higher is the indicator (in absolute value) the strongest is the trend.
MT5 Indicator – Download Instructions
Rate AOModPips is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.
Rate AOModPips 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 Rate AOModPips.mq5?
- Download Rate AOModPips.mq5
- Copy Rate AOModPips.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 Rate AOModPips.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator Rate AOModPips.mq5 is available on your Chart
How to remove Rate AOModPips.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: