FX-ULTRA

FX-ULTRA

Trend Detection Index of Averages — Trading Indicator for MT5

Composite trend index built from moving‑average families for MT5 — cleaner regime flips, slope‑based bias and useful alerts.

Trend Detection Index of Averages (MT5)

Trend Detection Index of Averages (TDIA) builds a composite trend index from multiple moving‑average families (EMA/SMA/WMA, etc.). The index reads direction, strength, and transition risk with zero‑line flips and slope/color cues in MetaTrader 5.

Overview

What it shows

  • Composite index of average‑based signals → bull/bear regime via zero line.
  • Slope/Color to visualize trend acceleration/deceleration.
  • Filters for chop (flat index) vs impulse (rising/falling with breadth).
  • (Optional) arrows/alertszero flips, level exits, slope changes, MTF confirmation.

Trade ideas

  1. Flip → first pullback: after a zero‑line flip up, buy the first dip while TDIA stays above zero; mirror for shorts.
  2. Ride the slope: when slope > 0 and price above structure, pyramid on higher‑low hooks; exit on slope loss.
  3. Range fade: if TDIA is flat/oscillating around zero, fade extremes back to mean/structure.
  4. Confluence: add S/R or higher TF MA; TDIA slope keeps the bias obvious.

Signals

Inputs that matter

  • Base average(s) — EMA/SMA/WMA/JMA, etc.
  • Periods/weights — composition of the index (responsiveness vs stability).
  • Signal smoothing — low‑lag vs noise.
  • Levels & alerts — flips, slope, exits, MTF agree/disagree.
  • Colors/widths — quick visual read.

Suggested usage

  • M5–M15: flips & first pullbacks.
  • M30–H4: swing continuations (flip → pullback → resume).
  • Daily+: regime map and risk tilt.

Installation (MT5)

  1. Open MetaTrader 5FileOpen Data Folder.
  2. Copy trend-detection-index-of-averages.ex5 to MQL5/Indicators.
  3. Restart MT5 (or refresh Navigator) and attach Trend Detection Index of Averages.
  4. Tweak inputs → OK.

FAQ

Does it repaint? The index uses completed bars; no repaint on closed candles.
Use in EAs? Yes, via iCustom.
Markets? FX, indices, metals, crypto — anything on MT5.


Disclaimer: Test on a demo account first; risk management is essential.