The Slope Direction Line indicator is displayed as a colored moving average line indicating the average market movement direction.
The indicator has three input parameters:
- Period – calculation period;
- Method – calculation method;
- Applied price – price used for calculations.
Calculations:
SDL = MA(Vector, Sqrt(Period), Method)
where:
Vector = 2*MA2 - MA MA2 - MA(Applied price, Period/2, Method) MA - MA(Applied price, Period, Method)
Similar MetaTrader Trading Tools:
