Slope_Direction_Line_Bar – indicator MetaTrader 5

Trend-following Slope Direction Line / Moving Average confirmation bars signal indicator is an equivalent of Slope Direction Line / Moving Average confirmation candles indicator. It compares direction of two moving averages: Moving Average and Slope Direction Line and displays colored signal pointers in a separate window. Their colors correspond to the match/mismatch of Slope Direction Line and Moving Average lines direction.

It has six input parameters:

• MA period – Moving Average calculation period
• MA method – Moving Average calculation method
• MA applied price – Moving Average calculation price
• SDL period – Slope Direction Line calculation period
• SDL method – Slope Direction Line calculation method
• SDL applied price – Slope Direction Line calculation price

Slope Direction Line indicator is not required – it is calculated by the indicator independently.

Fig. 1. Slope Direction Line / Moving Average  confirmation bars

Fig. 2. Slope Direction Line / Moving Average  confirmation bars + Slope Direction Line / Moving Average confirmation candles