Re: МТ4 Trading Systems: WORKSTATION

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Moving Average Trend Indicator
The original LUA concept is quite interesting. If the trader wants to analyze the typical position of price (above or below) relative to a moving average, this indicator does that, but in a statistical way: It compares 50 different MA-Periods according to the Start_Period and the Steps (difference between each of those periods) and makes a final Sum of +1 and -1 depending whether price is above or below. This way, the trader knows when a trend is weakening and a new trend is under construction going from positive to negative and vice versa




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