iTrend – indicator for MetaTrader 5

  • Platform: Metatrader5
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • Well known iTrend indicator made for MetaTrader5

    In order to extend it (apart of making it use the visual tools that are available in MetaTrader 5 now), it is  :

    • multi time frame
    • it has  the usual set of alerts :
      • alerts on current (still opened) or on a closed bar
      • alert displaying a message
      • alert playing a sound
      • alert sending an email
      • alert sending a push notification
    • it has a choice of 4 types of averages used for calculation
    • and it has the set of 22 price types

    As a deviation compared to the wide spread version, this version has an adjustable level that is used to determine trend change (and continuation) that can be set to desired extremes look-back period and value. Once when that level is broken the trend is kept as long as the opposite direction value does not brake that level

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  • How to install MT5 indicator?
  • 1. On the desktop, double-click to open the MT45 trading platform software you installed.
  • 2. Click on “File” in the upper left corner – “Open Data Folder”, double-click the MQL5 folder, and double-click the Indicators folder
  • 3. Copy the metrics you need to install to the Indicators folder
  • 4. Open MT5, find “Navigator” in the display menu, then click “Technical Indicators” of “Navigator” and right click to refresh, you will see the indicator just copied.
  • 5. In the “Technical Indicators” of “Navigator”, find the indicator file just installed, double click or click manually to the chart window
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