Forex The Slope MT4 Indicator

Forex The Slope MT4 Indicator:

About the Forex The Slope MT4 Indicator

The Slope is an MT4 indicator that calculates the slope of the price, and draws a histogram so you could see when it’s positive, negative, or ranging.

Key Features:

  • Calculates Slope of the Line Chart
  • Shows the numbers as a Histogram below the chart
  • Choose Different Periods for calculating the slope.
  • Sends Alerts and Push Notifications when slope changes direction

Settings:

CalculationPeriod: The number of bars used to calculated the slope (for example, if CalculationPeriod = 10, The Slope will calculate the slope of the last 10 bars).
GetAlerts: true/false. If set to true you will receive Alerts on Mt4 when the slope of the current chart changes direction (positive/negative).
PushNotifications: true/false. If set to true you will receive Push Notifications on your phone when the slope of the current chart changes direction (positive/negative).
DrawArrows: true/false. If set to true Arrows will be drawn on the main chart one bar after the slope switches directions.

Test results:

Forex The Slope MT4 Indicator

Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

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