MATonySignal: Moving Average Momentum for Trend Direction and Strength
Summary
MATonySignal is a technical indicator designed to show both trend direction and trend strength using momentum calculated from an averaged price. It colors rising trends blue and falling trends red. Bar brightness distinguishes stronger trends from weaker ones, with a configurable level determining when the strong-trend state is triggered. The indicator was first implemented in MQL4 and published in 2008.
The description explains the visual encoding and broad calculation concept, but it does not specify the averaging method, momentum formula, parameter defaults, or rules for entries and exits. It provides no market, timeframe, backtest, or performance evidence, so the signal should be understood as a visualization of directional momentum rather than a demonstrated trading system. Results would depend on implementation details and chosen settings.
Key ideas
- The indicator derives momentum from an averaged price to represent trend direction and strength.
- Rising trends are shown in blue and falling trends in red.
- Bar brightness indicates whether the trend is strong or weak.
- A configurable level controls the strong-trend threshold.
- The description gives no backtest or evidence that the signal is profitable.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.