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2012.12.20 07:26
Indicators

Trend Continuation Factor - indicator for MetaTrader 5

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4697
Rating:
votes: 19

Positive values ​​indicate a strong trend. TCF+ and TCF- values can not stay simultaneously higher than zero point, but both can have negative values that speaks of consolidation or lack of a trend. 

Trend Continuation Factor


Recommendations:

  • It is recommended to open long positions when the TCF+ becomes positive (the indicator has blue color and crosses the zero line bottom-up).
  • It is recommended to open short positions when the TCF- becomes higher than zero (the indicator has red color and crosses the zero line bottom-up).

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/1275

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