Forex Slope Direction.mq4 – Graphical Indicator Based on Slope-Direction-Trend Indicator

Slope Direction.mq4 indicator  –  Graphically display current trend for all time frames in one simple panel. This is a graphical indicator based on slope-direction-trend indicator that has been published under several other forms.

Trading NOTES

• DOWNLOAD these NON-REPAINT Tools For Making The Perfect Trade Entry (the best trading tools all traders MUST HAVE)
• Use a demo account or a small live account first to practice this trading system

DOWNLOAD INDICATOR

There has been several versions of this indicator published already but none that displayed all time frames in a single graphical panel on your screen.

The original code used Linear Weighted for its second pass on the numbers to give the user the option to choose the method for smoothing.

When using Linear Weighted for both calculations, it makes the indicator too responsive and thus possibly giving false readings on the current trend.

If we use Simple as the second averaging method we get a trend that is more indicative of where the price is going.

DOWNLOAD INDICATOR