UltraAbsolutelyNoLagLwma Indicator For MT5
The UltraAbsolutelyNoLagLwma Indicator For MT5 analyzes the multiple signal lines of the AbsolutelyNoLagLwma indicator to provide a measure of trend direction and strength. The resultant indicator gets plotted as a color histogram that is displayed using the DRAW_COLOR_HISTOGRAM2 style. The histogram bar color represents the trend direction, while the trend power is denoted by the histogram width.
To indicate the nature of trend in force, four colors are utilized for each of the two trend directions. When the values of the histogram bars are below/above the default overbought/oversold threshold, the bars get painted in darker shades. If the histogram bars are inside the overbought/oversold zone, they get colored in lighter shades.
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Installing the UltraAbsolutelyNoLagLwma 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 UltraAbsolutelyNoLagLwma.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 UltraAbsolutelyNoLagLwma Indicator For MT5
The UltraAbsolutelyNoLagLwma Indicator For MT5 has 0 parameters to configure.
Buffers of the UltraAbsolutelyNoLagLwma Indicator For MT5
The UltraAbsolutelyNoLagLwma Indicator For MT5 provides 0 buffers.
Main Parts Of The Code
