The Theil-Sen Indicator is a nifty little tool designed to help traders gauge the overall direction of price movements. At its core, it estimates a trend line based on a series of data points. This process involves running a regression analysis on your selected data set, which can include options like simple moving averages, exponential moving averages, or closing prices. With MetaTrader 4, all you need to do is choose the type of data you want to analyze, and the platform will handle the rest. Plus, it supports multiple currencies!
iTSlope(asymbol,timeframe,regperiod,adataset,rmp,rtc,slope,line_nickname,enable_text,ashift); // This is the main function for your EA. Just plug in your parameters. // Manual traders can also use this indicator directly.
As always, this tool supports multiple currencies simultaneously. Also, I'm including a
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