moving average convergence divergence 4 color candle text display.mq5

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Re: Rijay's System of Moving Averages

rijay, Sat Jun 13, 2026 4:18 pm

The convergence and divergence logic in this indicator of moving averages to display if market is up trending , down trending or ranging

i.e. if you select 13 ema and 50 ema then it will display on chart status of trend accordingly to this below logic the direction,

Strong Uptrend (Fast > Slow & Diverging)

Weak Uptrend (Fast > Slow & Converging)

Strong Downtrend (Fast < Slow & Diverging)

Weak Downtrend (Fast < Slow & Converging)

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