Oscillator Swing Shift displays the MA slope value exceeding the pre-defined threshold and the change in the moving average movement direction as a pulse-changing direction of the indicator histogram.
It has four configurable parameters:
Period – calculation period
Method – calculation method
Applied price – calculation price
Threshold – MA slope value threshold
Calculations:
SS = 100.0 * (MA - Anchor) / Anchor
where:
If Slope > Threshold и PrevTrend < 1
Anchor = MA
Trend = 1
Otherwise, if Slope < – Threshold и PrevTrend > 0
Anchor = MA
Trend = 0
Otherwise
Anchor = PrevAnchor
Trend = PrevTrend
Slope = (MA - PrevMA)*Point
MA = MA(Applied price, Period, Method)
Fig 1. Indicator Swing Shift with default settings
Fig. 2. Swing Shift and a comparative MA with the same settings
Trend Dashboard Indicator - indicator MetaTrader 5 Trend Dashboard Indicator MetaTrader 5 indicator — a multi-timeframe indicator that is based on three standard indicators: Stochastic oscillator, RSI…
