MT4-All Averages Speed

Perhaps you have previously read in technical analysis books about such a concept as "market slope", or "trend slope". Metatrader has such a tool as "trend line by angle". But when working on auto-scaled charts, this tool becomes completely abstract, and as a consequence, useless. The idea of this new parameter, included in the AllAverages_Speed indicator, is to give such a concept as "trend slope" specific numerical values, as well as the further use of the new parameter in work.

Modification of the AllAverages_Speed indicator with the addition of my own idea. Previously posted in CodeBase AllAverages v4.9 MT4 and AllAverages v4.9 MT5. The essence of the modification is to add a parameter that measures the speed of slope of the selected moving average in pips per unit of time. On Picture1 under the number <1> is the added parameter Speed pips. The unit of time is the candles of the selected timeframe, Picture 1 number <2>. Changing this parameter will change the coloring of the indicator, it will occur in those places where the speed of the slope of the moving average was higher than specified in the Speed Pips parameters.

Usage options:

1. Flat filter. The classical definition of flat implies the absence of an obvious price movement direction. If you select Speed pips correctly, you will achieve that the indicator will be colored yellow. This is an appropriate signal to ignore the breakdowns of the moving average and wait for the price to gain sufficient speed. Picture2.

2. Trend work, filtering trends by the speed parameter. As mentioned above, the concept of "trend slope" now has a numerical value. The speed of the slope of the line, colored section of the moving average, gives a hint on keeping the speed of the price trend Picture3. Or if the trend shows signs of fading movement, as a consequence, the speed starts to decrease Picture4. So it is necessary to prepare for a reversal of the movement or prepare for a big correction.

3. Classic application. Two moving averages, trading in the direction of the older moving average with a long averaging period at the moment when the younger moving average is colored yellow. Picture5.

4. Combination with the Consolidation Box indicator. The link can be found on the main page of the profile. The moving average shows which way to trade, plus, with the new Speed Pips parameter, which shows that the "trend slope" has sufficient speed. And when a trend fade occurs, you should stop trading in that direction and concentrate on looking for reversal signals. I plan to publish examples of different settings with indicator parameters on my MQL5.com profile wall, so that you can use these examples in trading. Picture6.

Disadvantages:

All traders want to get in at the beginning of any move. The moving average has always been a lagging indicator, so no matter how much you speed it up, you still can't get an instant reaction. The speed of slope of the moving average line Speed Pips can sometimes help in analyzing market movements. But it is possible to change the approach to analyzing movements, for example, to work in those moments when the "trend slope" is preserved, in this indicator it is the Speed Pips parameter. In this case, the beginning of the trend will be missed, but the middle of the trend, while maintaining sufficient speed, will be taken by the trader to work.

Operation of the Speed Pips parameter in detail Picture7.

To calculate how much Pips the moving average line has sloped, the indicator subtracts the previous value from the current value of the line. And as long as this value is higher than the value specified in the parameters (the moving average line retains speed, "trend slope") the indicator will be colored green when the price is rising and red when it is falling. In Picture7, the difference between the 13th point and the 14th point is only +10 pips, and in the parameters Speed Pips=22, so the indicator has become yellow.

Available Methods (MA_Method):

1. SMA                 Simple Moving Average
2. EMA                 Exponential Moving Average
3. Wilder              Wilder Exponential Moving Average
4. LWMA               Linear Weighted Moving Average
5. SineWMA          Sine Weighted Moving Average
6. TriMA               Triangular Moving Average
7. LSMA                Least Square Moving Average (or EPMA, Linear Regression Line)
8. SMMA               Smoothed Moving Average
9. HMA                 Hull Moving Average by A.Hull
10. ZeroLagEMA      Zero-Lag Exponential Moving Average
11. DEMA                Double Exponential Moving Average by P.Mulloy
12. T3_basic           T3 by T.Tillson (original version)
13. ITrend               Instantaneous Trendline by J.Ehlers
14. Median              Moving Median
15. GeoMean           Geometric Mean
16. REMA                 Regularized EMA by C.Satchwell
17. ILRS                   Integral of Linear Regression Slope
18. IE_2                   Combination of LSMA and ILRS
19. TriMAgen            Triangular Moving Average generalized by J.Ehlers
20. VWMA                Volume Weighted Moving Average
21. JSmooth             M.Jurik's Smoothing
22. SMA_eq              Simplified SMA
23. ALMA                 Arnaud Legoux Moving Average
24. TEMA                 Triple Exponential Moving Average by P.Mulloy
25. T3                     T3 by T.Tillson (correct version)
26. Laguerre            Laguerre filter by J.Ehlers
27. MD                     McGinley Dynamic
28. BF2P                  Two-pole modified Butterworth filter by J.Ehlers
29. BF3P                  Three-pole modified Butterworth filter by J.Ehlers
30. SuperSmu           SuperSmoother by J.Ehlers
31. Decycler             Simple Decycler by J.Ehlers
32. eVWMA               Modified eVWMA

What prices are used to construct moving averages:

1. close                       Close
2. open                        Open
3. high                         High
4. low                          Low
5. median                    Median
6. typical                     Typical
7. haClose                    Heiken Ashi Close
8. haOpen                    Heiken Ashi Open
9. haHigh                     Heiken Ashi High
10. haLow                      Heiken Ashi Low
11. haMedian                 Heiken Ashi Median
12. haTypical                 Heiken Ashi Typical
13. haWeighted              Heiken Ashi Weighted Close

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Speed_Pips                            = 4                  If the line slope speed is less than specified, the coloring is yellow

TimeFrame                            = 0                  Selecting the timeframe

Price                                     = close Choice of prices used
MA_Period                             = 14 Averaging period of the moving average
MA_Shift                               = 0 Shift the moving average by a specified number of periods
MA_Method                           = SMA Choice of moving average formula
ShowInColor                          = true Show/hide color rendering, up-trend color selection, down-trend color selection

Number of bars counted = 0                   Plotted on the chart for a specified number of candles (bars), "0" - all bars are involved in the construction

Alerts, Emails & Notifications

AlertOn                                = false              Disable/enable sound alerts when changing the direction of the moving average

AlertShift                             = 1                    Shift of periods (candlesticks), after which the notification about the change of direction of the moving average will come

SoundsNumber                     = 5                    Number of sound alerts

SoundsPause                        = 5                    Pause in seconds between sound alerts

UpTrendSound                      = "alert.wav"     Selecting a sound file when a trend changes from downtrend to uptrend

DnTrendSound                      = "alert2.wav"   Selecting a sound file when a trend changes from uptrend to downtrend

EmailOn                               = false              Disable/enable sending messages to email

EmailsNumber                      = 1                   Number of messages to be sent to the mail

PushNotificationOn               = false              Disable/enable "push" messaging to your smartphone

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