NELODI Trend Waves for MT5 – library MetaTrader 5

This is a highly customizable Monster Trend indicator, which calculates standard deviations, moving averages and a number of other potential support and resistance zones. By default, only the most relevant lines will be drawn, but you can customize what you want to see through input parameters. If everything is turned on, the indicator plots 119 lines in changing color, so … don’t be surprised if you can’t see anything when you do that 😉

NOTE: Because this indicator performs A LOT of calculations on a number of different time periods, it can be very expensive in terms of CPU usage, so … use with care. To reduce the delay when adding the indicator to a chart and switching time-frames, it will only be calculating data for a limited number of bars in the history (see input parameter “History Range”).

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USE AT YOUR OWN RISK!