Watch how to download trading robots for free

Find us on Telegram!
Join our fan page

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

Views:: 6145
Rating:: (12)
Published:: 2018.11.20 12:43

Trend_Score.mq5 (10.31 KB) view

Download as ZIP, How to download code from MetaEditor

: Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

Trend Score indicator by Tushar S. Chande was described in the article "Rating Trend Strength" in S&C magazine (September 1993).

It displays both the power and direction of a trend.

There are five inputs:

Price method - applied prices

Open/Close - current Open and Close
Close/Close - past and current Close

Period method - use the range in calculation

Use period
Do not use period

Overbought - overbought level
Oversold - oversold level

Fig. 1. Period method = Use period

Fig. 2. Period method = Do not use period

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/23129

HLCrossSigForMFI

HLCrossSigForMFI is considered as a trend indicator since it is intended for "catching" trends. However, it's a pretty complex and informative indicator that allows excluding the psychological and emotional effects from trading

HLCrossSigForMFI_HTF

HLCrossSigForMFI indicator with the timeframe selection option available in input parameters

TMACD_Divergence

TMACD Divergence indicator

SVSI

SVSI indicator

Trend_Score - indicator for MetaTrader 5