Developed by:
LeMan
The DigVariation indicator is a powerful tool for traders using MetaTrader 5. It helps you identify the right direction to trade and signals when it's time to close your positions, all by analyzing the crossing of a crucial zero line.
This indicator fine-tunes its readings using digital filters, which you can adjust through the SmoothPower parameter. This flexibility allows for a more tailored trading experience, letting you optimize your strategy based on market conditions.
The DigVariation leverages classes from the SmoothAlgorithms.mqh library, which was thoroughly discussed in the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers". This resource is a must-read for anyone looking to delve deeper into the technical aspects of this indicator.
Originally developed in MQL4, this indicator made its debut on Code Base back on August 19, 2010, and has since become a favorite among traders.
Fig.1 The DigVariation Indicator
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