trends accumulator
Info
The trends accumulator is a Indicator for MetaTrader 5 that this indicator was originally made to study patterns in price movements, while discarding minor fluctuations in price. although this was its original purpose, there are other interesting ways you can apply it to your strategy.
Usage
This tool is typically used for trend following strategies across multiple currency pairs.
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 trends accumulator
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
this indicator was originally made to study patterns in price movements, while discarding minor fluctuations in price.
Typical Use Case
This Indicator excels in trend following 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: trading with ma trends, atr, tp, sl, and pivot point lines - another powerful indicator for MetaTrader 5 traders.
Also recommended: combining multi-timeframe trends with ma - similar indicator with strong performance on MetaTrader 5.
this indicator was originally made to study patterns in price movements, while discarding minor fluctuations in price. although this was its original purpose, there are other interesting ways you can apply it to your strategy.this indicator tracks the movements of a moving average and accumulates them according to a threshold.
screenshot:
recommendations:
the
smaller the threshold
, the smaller and more specified the trends are. these are ended more abruptly with divergence in price movements.
the
bigger the threshold
, the bigger and more generalized the trends are. these last longer and ignore small divergences in price movements.
enjoy!
if you have any suggestions for improvements, or found any bug, please post them in the comment section below.
You may also like: d trends - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.4"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property indicator_separate_window
#property indicator_buffers 2
#property indicator_plots 1
#property indicator_type1 draw_histogram
#property indicator_color1 clrblueviolet
#property indicator_width1 10.......
⚠ 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.