MetaTrader 5 ‣ MT5 Indicators ‣ Slope_Direction_Line_Bar – indicator MetaTrader 5
Slope_Direction_Line_Bar - indicator for MetaTrader 5

Slope_Direction_Line_Bar – indicator MetaTrader 5

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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
  • If Moving Average and Slope Direction Line are directed upwards:
    • the green signal pointer is set
  • If Moving Average and Slope Direction Line are directed downwards:
    • the red signal pointer is set
Alternative:   NRTR GATOR - indicator MetaTrader 5
  • In any other case, the gray signal pointer is placed.

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


https://www.mql5.com/ru/code/22946

Slope_Direction_Line_Bar – indicator MetaTrader 5
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