Indicators: Indicator Strength

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Indicator Strength:

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

Author: Desmond ORegan

 

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

 

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.

 
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?

 




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

 

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

 
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?
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