CodeBaseSections
Watch how to download trading robots for free
Find us on Facebook!
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
to pocket
Indicators

Trend Intensity Index - indicator for MetaTrader 5

Mladen Rakic | English Русский 中文 Español Deutsch 日本語 Português
Views:
10913
Rating:
(19)
Published:
2018.05.17 13:07
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 Intensity Index as described by M.H.Pee in his article "Trend Intensity Index".

To calculate a 30-day Trend Intensity Index (TII), follow these steps:

  1. Obtain the 60-day simple Moving Average by adding the Closes for the past 60 days and dividing the result by 60.
  2. Find the deviation of each of the recent 30 Closes from the 60-day Moving Average. The deviation is up if the Close is above the Moving Average, and down when the Close is below the average.
    • Up deviation values are obtained by subtracting the Moving Average from the Close.
    • Down deviations are calculated by subtracting the Close from the Moving Average.
  3. The TII allows you to find out what percentage of these deviations is up or down. For a 30-day TII, you should have 30 deviations from the 60-day Moving Average.


Leader of the MACD - Extended Leader of the MACD - Extended

This version extends the basic version of Leader of the MACD with some options that are adding more flexibility to the usage of the indicator.

Trend Strength Average Trend Strength Average

Trend Strength Average uses some of the 4 regular types of averages for trend strength assessment.

Heiken Ashi Zone Trade Heiken Ashi Zone Trade

Heiken Ashi Zone Trade indicator is based on 3 indicators: Heiken Ashi, Accelerator Oscillator, and Awesome Oscillator.

Heiken Ashi Zone Trade - Separate Heiken Ashi Zone Trade - Separate

This version of Heiken Ashi Zone Trade indicator is made to display values in a separate window - that way it will not interfere with the other on-chart indicators and can be easier to read the states in some cases.