Indicators: Indicator Strength

 

Indicator Strength:

Basic indicator that displays the strength of a move, based either on either moving averages, MACD, or stochastics.

Author: Desmond ORegan

[Deleted]  

This is a great work. Thank you for sharing. A great filter for my trading strategy

[Deleted]  

How can this be modified to change the color in the histogram to YELLOW when values decrease above 0 and increase below 0?

Yellow would then represent a warning that the directional strength is decreasing.

[Deleted]  
donmajor:

This is a great work. Thank you for sharing. A great filter for my trading strategy

What are the other indicators used in this chart?

[Deleted]  




Great Indicator. My EA truned from LOSS to Profit when I used this indicator as filter to filter out false signals.


Results without Indicator


Results with Indicator as filter

[Deleted]  

Great work on the Indi. Is there an EA available for the indicator?

[Deleted]  
rocnation:

Great work on the Indi. Is there an EA available for the indicator?



really like the idea of this indicator but for some reason when I load onto chart, I am not seeing the histogram, do you have any suggestions? regards

Dave

 
Hi, great indicator! Is it avaliable for MT5?