MATrend 外汇EA

matrend indicator makes the directional trend of the current market easily recognizable.

Settings:

• MA Period: The amount of candles taken into consideration for the calculation of the moving average;
• MA Method: The method used for the calculation of the moving average. Selectable methods are: 
1. Simple averaging;
2. Exponential averaging;
3. Smoothed averaging;
4. Linear-weighed averaging;

Usage:

The color of the indcator will change based on the slope of the MA.

• Green: The indicator has a bullish slope;
• Red: The indicator has a bearish slope;
• Gray: When the direction is not clear;

Both the selected period and the selected method have a significant impact on the behaviour of this indicator. A smaller period will result in an MA that follows the short-term price movements more closely than a large period. A large period will generally be less influenced by short-term movements and instead represent a longer-term movement.