Download MetaTrader 5

Watch how to download trading robots for free

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

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

2013.03.13 09:51
Indicators

TrendСontinuation - indicator for MetaTrader 5

| English Русский 中文 Español Deutsch 日本語 Português

Views:
4116
Rating:
votes: 20
\MQL5\Include\

The real author:

Doc Gaines

Trends indicate an important component of the market. You should certainly be able to define them.

However, it is not enough just to define the trend. It is also important to define the current trend direction. Although trends help us to earn more money in short periods of time, they also help "quickly" lose them, if your position is opened against the market. To avoid such situations the author developed a "trend continuation factor" (TCF). This indicator is created to determine the trend and its direction.

This indicator was first implemented in MQL4 and published in Code Base on 16.10.2007.

Fig.1 The TrendСontinuation indicator

Fig.1 The TrendСontinuation indicator

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/1579

Accelerator Oscillator (AC) Accelerator Oscillator (AC)

The Acceleration/Deceleration Indicator (AC) measures acceleration and deceleration of the current driving force.

Average Directional Movement Index (ADX) Average Directional Movement Index (ADX)

The Average Directional Movement Index Indicator (ADX) helps to determine if there is a price trend.

PA adaptive MACD PA adaptive MACD

Phase accumulation adaptive MACD - completely adaptive MACD

Basket Chart Creator Basket Chart Creator

Basket offline chart creator script using geometric mean method.