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- Views:
- 5560
- Rating:
- Published:
- 2018.06.06 14:32
- Updated:
- 2018.06.18 13:58
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The Trend Force oscillator indicator.
The indicator has three input parameters:
- Period - calculation period;
- ATR's period - ATR parameter;
- ATR's coefficient - ATR parameter.
Calculation:
Trend Force[i] = Up[i]-Dn[i]
where
- Up[i] - the highest value (MaxPrice-ATR_Coeff*ATR) in the range from (i-Period+1) to i;
- Dn[i] - the lowest value (MinPrice+ATR_Coeff*ATR) in the range from (i-Period+1) to i;
- MaxPrice, MinPrice - the highest and the lowest price in the range from (i-ATR_Period+1) to i;
- ATR - Average True Range value with the period ATR_Period.
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20452
