ocean theory - natural market slope
Info
The ocean theory - natural market slope is a Indicator for MetaTrader 5 that theory : ocean series of indicators were originally created by jim sloman (the theory) and pat raffalovich (the coder) - additional information can be obtained in jim sloman's book natural market slope is an indicator that combines :natural market slope period linear regression slopes (weighted by appropriate coefficients) into a single "market slope" prices can be additionally pre-smoothed vi tema (triple ema)even though usually adding pre-smoothing adds lag, using tema in this case works very well (default values are using almost insignificant lag) usage :as any usual slope / momentum indicatoryou can use the color change of the indicator as an indication of momentum change you can use the zero cross of the indicator as an indication of "trend" change.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use ocean theory - natural market slope
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.
What this tool does
theory : ocean series of indicators were originally created by jim sloman (the theory) and pat raffalovich (the coder) - additional information can be obtained in jim sloman's book natural market slope is an indicator that combines :natural market slope period linear regression slopes (weighted by appropriate coefficients) into a single "market slope" prices can be additionally pre-smoothed vi tema (triple ema)even though usually adding pre-smoothing adds lag, using tema in this case works very well (default values are using almost insignificant lag) usage :as any usual slope / momentum indicatoryou can use the color change of the indicator as an indication of momentum change you can use the zero cross of the indicator as an indication of "trend" change.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: aklamavo quarters theory - another powerful indicator for MetaTrader 5 traders.
theory :
ocean series of indicators were originally created by jim sloman (the theory) and pat raffalovich (the coder) - additional information can be obtained in jim sloman's book
Also recommended: laguerre ad x histogram - similar indicator with strong performance on MetaTrader 5.
natural market slope is an indicator that combines :
natural market slope period linear regression slopes (weighted by appropriate coefficients) into a single "market slope"
prices can be additionally pre-smoothed vi tema (triple ema)
even though usually adding pre-smoothing adds lag, using tema in this case works very well (default values are using almost insignificant lag)
usage :
as any usual slope / momentum indicator
you can use the color change of the indicator as an indication of momentum change
you can use the zero cross of the indicator as an indication of "trend" change
You may also like: recursive (double) smoothed stochastic - excellent alternative for indicator users on MetaTrader 5.
Source Code
/.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.