IT – indicator for MetaTrader 5

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category:MT5 INDICATORS

The indicator shows John Ehlers trendline on the price chart.

Calculations:

Instantaneous Trendline = MVA(Price, Period) + SmoothSlope/2,

where:

SmoothSlope[i] = (Slope[i] + 2*Slope[i-1] + 2*Slope[i-2] + Slope[i-3])/6,
Slope[i] = Price[i] - Price[i-Period+1]

IT - indicator for MetaTrader 5

Comment

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