Trend Value
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 Trend Value
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
Ivan Kornilov
The trend indicator made as NRTR ().
The indicator is very flexible, it can be configured for different tasks, for example, to receive market exit signals, or it may be combined with other indicators signals. It can be helpful in preventing from opening a position against a trend. It gives signals before crossing or .
technical indicator values are used in the indicator, i.e., it becomes more sensitive during a flat, which is very convenient when the market exits a flat sharply or a breakout occurs. The indicator is set to 5 minutes by default.
This indicator was first implemented in MQL4 and published in at mql4.com 25.02.2010.
Input parameters:
period - moving averages period;
shiftPercent - horizontal shift of the indicator in percents;
ATRPeriod - ATR indicator period;
ATRSensitivity - ATR sensitivity;
shift - vertical shift of the indicator in bars.
