Price Action Trend Direction MT5

This indicator calculates the probable direction of movement based on the price behavior for the selected period. There are 4 ways of smoothing the source data, 3 different calculation algorithms, 2 options for calculating the resulting values. Crossing level 0 is a possible entry into the transaction. Crossing the boundaries of the range channel – closing or partial closing of a position. The channel is available in 2 calculation options. Additionally, you can enable the display of intersections in the form of arrows in the indicator window or on the chart. As a false signal filter, you can use the direction of the CCI indicator with the same period. The indicator was developed for scalping on highly volatile pairs during the hours of strong activity of this pair. The default parameters are set to GBPJPY,H1.

Indicator Parameters:

• Calculation period – calculation period
• Smoothing method – smoothing method
• Calculation mode – calculation algorithm
• Values mode – values calculation mode
• Show channel mode – channel display
• Channel calculation mode – channel calculation method
• Channel calculation period – channel calculation period
• Deviation mode period – the deviation calculation period
• Channel smoothing mode – channel smoothing
• Channel range multiplier – channel multiplier
• Show potential entry points – display of entry points
• Show potential exit points – display of exit points
• Entry buy arrows symbol code – purchase arrow code
• Entry buy arrows color – the color of the purchase arrow
• Entry sell arrows symbol code – the code of the arrow of sale
• Entry sell arrows color – the color of the sale arrow
• Exit arrows symbol code – exit arrow code
• Exit arrows color – the color of the exit arrow
• Arrows size – the size of the arrows (for the chart mode)
• Show arrows as background – arrows as background (for chart mode)
• Unique prefix for indicator objects – indicator identifier
• Additional precision – additional precision