Watch how to download trading robots for free

Find us on Twitter!
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:

4107

Rating:

(9)

Published:

2018.07.09 13:47

TAI.mq5 (9.36 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

TAI (Trend Analysis Index) is a simple trend indicator described by Adam White in the "Stocks & Commodities" magazine in August, 1992.

The indicator has four configured parameters:

MA Period - MA calculation period;
MA Method - Moving Average calculation method;
TAI Period - trend index calculation period;
Applied price - price used for calculations.

Calculation:

TAI = (MA_Max - MA_Min) / Price*Point

where:

MA_Max, MA_Min - the highest and the lowest MA value over TAI Period
MA = MA(Applied price, MA Method) - moving average with the MA Period and the MA Method calculation method
Price = SMA(1, Applied price) - simple moving average with the Applied price

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21112

Stoch_RSI

Stochastic relative strength index increases the sensitivity of RSI (Relative Strength Index), the disadvantage of which is fluctuation between boundary lines and no signals to open a position.

RIND

Indicator "Range Indicator."

TII

Indicator Trend Intensity Index.

TCI

Indicator TCI (Trading Channel Index).

TAI - indicator for MetaTrader 5