i Trend
This professional-grade solution for MetaTrader 5 helps traders achieve greater efficiency in their daily workflow. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use i Trend
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
Description & Settings
How it works
Green line - price difference with one of the line of .
Red line - sum of values of the BearsPower and BullsPower indicators multiplied by -1.
The i_Trend indicator (the third window below) and indicators on the basis of which it is built: Bollinger bands, BearsPower and BullsPower
Parameters
Price - Price type used to calculate the difference of price and Bollinger Bands.
BBPeriod - Period of Bollinger Bands.
BBShift - Shift of Bollinger Bands.
BBDeviation - Deviation of Bollinger Bands.
BBPrice - Price of Bollinger Bands.
BBLine - Used line of Bollinger Bands.
BullsBearsPeriod - Period of Bulls Bears Power.
