Ultra Trend Zero Lag TEMA Indicator For MT5

Ultra Trend Zero Lag TEMA Indicator For MT5

The Ultra Trend Zero Lag TEMA Indicator For MT5 uses the TEMA calculation as the basis and the JMA algorithm on top. The result of this calcualtion is a very good indicator to detect trends. It can detect the direction of the trend AND it is a great tool to signal the strength of the trend. With some practice this indicator can be used for trend continuation trading.

FREE Ultra Trend - Zero Lag TEMA Indicator

Download the FREE Ultra Trend - Zero Lag TEMA Indicator for MT5.

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Installing the Ultra Trend Zero Lag TEMA Indicator For MT5

After you downloaded the indicator via the form above you need to unzip the zip-file. Then you need to copy the file Ultra trend - zero lag tema.mq5 into the folder MQL5\Indicators of your MT5 installation. After that please restart MT5 and then you will be able to see the indicator in the list of indicators.

Parameters of the Ultra Trend Zero Lag TEMA Indicator For MT5

The Ultra Trend Zero Lag TEMA Indicator For MT5 has 4 parameters to configure.

input int  inpUtrPeriod   = 3;   // Start period
input int  inpProgression = 5;   // Step
input int  inpInstances   = 50;  // Instances
input int  inpSmooth      = 5;   // Ultra trend smoothing period

Buffers of the Ultra Trend Zero Lag TEMA Indicator For MT5

The Ultra Trend Zero Lag TEMA Indicator For MT5 provides 6 buffers.

SetIndexBuffer(0,fillu,INDICATOR_DATA);
SetIndexBuffer(1,filld,INDICATOR_DATA);
SetIndexBuffer(2,valp,INDICATOR_DATA);
SetIndexBuffer(3,valpc,INDICATOR_COLOR_INDEX);
SetIndexBuffer(4,valm,INDICATOR_DATA);
SetIndexBuffer(5,valmc,INDICATOR_COLOR_INDEX);

Main Parts Of The Code

int OnCalculate(const int rates_total,const int prev_calculated,const datetime &time[],
                const double &open[],
                const double &high[],
                const double &low[],
                const double &close[],
                const long &tick_volume[],
                const long &volume[],
                const int &spread[])
  {
   if(Bars(_Symbol,_Period) lt rates_total) return(prev_calculated);
   int endLength=inpUtrPeriod+inpProgression*inpInstances;
   int i=(int)MathMax(prev_calculated-1,1); for(; i lt rates_total && !_StopFlag; i++)
     {
      double valueUp=0;
      double valueDn=0;

      for(int k=inpUtrPeriod,instance=2; k lt =endLength && i gt 0; k+=inpProgression,instance++)
         if(_iSmooth[instance].CalculateValue(close[i-1],k,i-1,rates_total) lt _iSmooth[instance].CalculateValue(close[i],k,i,rates_total))
              valueUp++;
         else valueDn++;
      valp[i]  = _iSmooth[0].CalculateValue(valueUp,inpSmooth,i,rates_total);
      valm[i]  = _iSmooth[1].CalculateValue(valueDn,inpSmooth,i,rates_total);
      valpc[i] = (valp[i] gt valm[i]) ? 1 : 2;
      valmc[i] = valpc[i];
      fillu[i] = valp[i];
      filld[i] = valm[i];
     }
   return (i);
  }

 

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I'm Mike Semlitsch the owner of PerfectTrendSystem.com. My trading career started in 2007. Since 2013 I have helped thousands of traders to take their trading to the next level. Many of them are now constantly profitable traders. 

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