MMI – indicator MetaTrader 5

Market Meanness Index indicator is a business activity index. It displays the market state – trend or random (chaotic).

The indicator has three input parameters:

  • Period – calculation period
  • Random boundings – level, above which the market has no any obvious trend and is quite chaotic
  • Trend – level, below which the market is subject to trends





https://www.mql5.com/ru/code/23003

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Alternative:   T3_TRIX_HTF - indicator MetaTrader 5