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Metatrader 5 Indicators | LSMA_Angle | Free Download

Fresh MQL5 code release – perfect for enhancing your MT4/MT5 strategies.

Real author:

LSMA_Angle

A trend indicator drawn in the form of a histogram. When a trend is weak, the histogram is gray.

Trade Renko charts automatically using the advanced Renko Expert Advisors. Clean trends, better entries. Discover them here.

The trigger threshold is determined by the value of the indicator input parameter:

input int  AngleTreshold=15; // Trigger threshold

When the price change direction coincides with the histogram direction, the histogram is dark, otherwise it is bright.

Figure 1. The LSMA_Angle indicator

Figure 1. The LSMA_Angle indicator

Complement community code with advanced automation from RobotFX.

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