Market Phase Index PRO MT5

Indicator to determine the trend and flat market based on the amplitude of the price and the intersection of bars

Input parameters:

• Period - indicator period
• Method - averaging method
• Slowing
• Shift
• Level - level MPI
• Trend filter - Use or Not use trend filter
• Trend level - trend ... and more points
• Flat filter - Use or Not use flat filter
• Flat level - flat ... and fewer points

Recommendations from the author: 

• This indicator can be most useful for advisers in identifying favorable or unfavorable trading conditions based on their strategies
• The values ​​of this indicator are recommended to be viewed on higher timeframes. For example, if you are trading on M30, then consider the indicator values ​​on H4

Free version with visualization of MPI values - https://www.mql5.com/en/market/product/37168

Version for MT4 - https://www.mql5.com/en/market/product/38362