Skip to content
All library documents

Simpler Trend Indicator: Sensitivity, Alerts, and Signal Output

Article MQL5 code base

Summary

This document describes a trend indicator derived from previously published work and updated with user-requested changes. The listed improvements include terminal, email, and push alerts, independent controls for each alert type, a simpler color scheme, an additional signal-value buffer, and minor fixes. Adjustable inputs include an average period and a sensitivity setting for price fluctuations.

The text provides no signal formula, chart examples, backtest, or performance statistics, so it does not explain how the indicator identifies a trend or whether its alerts have predictive value. It recommends combining the signals with other fundamental and technical analysis rather than relying on the indicator alone. Traders would need to inspect the implementation and validate behavior on their own data before using it in a strategy.

Key ideas

  • The indicator adds separate controls for terminal, email, and push alerts.
  • Its configurable inputs include an averaging period and price sensitivity.
  • An additional output buffer exposes the indicator's signal value.
  • The document gives no calculation method or evidence of trading performance.
  • The author recommends using the signals alongside other fundamental and technical analysis.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.