The MicroTrendChecker signal indicator tracks price movements on the terminal chart for a currency pair. While there is no trend, it returns the levels from Ask to the value of points up and, accordingly, from Bid to the value of points down.

• MaxSpread – the maximum spread (it is recommended to set it higher than the average spread for the instrument), it is necessary to filter the spread expansion during news.
• * wits – the first parameter of the indicator (a positive integer value of 1 or more);
• *body – the second parameter of the indicator (a positive integer value of 1 or more), usually greater than the value of * wits;
• * sense – the third parameter of the indicator (a positive integer value of 1 or more);
• *points – the number of points of deviation from the current prices (Ask/Bid);
• * delta-the value of the trend/flat estimate (a fractional value of 0.001 or more);
• tracker-switches the price tracking modes (the accepted values are true/false). If the value is true, then the indicator buffers will never have empty values (EMPTY_VALUE), if false, then empty values will usually appear in the indicator buffers during the trend, while new indicator labels on the chart will not be fixed during the formation of the bar.

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This indicator is used in the USDCatch Expert Advisor.

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