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Indicators

TII - indicator for MetaTrader 5

Scriptor | English Русский 中文 Deutsch

Views:
124
Rating:
votes: 6
Published:
2018.07.09 13:47
TII.mq5 (13.14 KB)view

Indicator TII (Trend Intensity Index) was described in the article by M.H. Pee, published in the "Stocks and Commodities" magazine in June, 2002.

It has six input parameters:

  • Period - calculation period;
  • MA Period - MA calculation period;
  • MA Method - Moving Average calculation method;
  • Applied price - the calculation price;
  • Overbought - overbought level;
  • Oversold - oversold level.

Calculation:

TII = 100 * (POS) / (POS +NEG)

where:

POS = SMA(UP, Period)
NEG = SMA(DN, Period)
UP = Price - MA
DN = MA - Price
MA = MA(MA Period, MA Method, Applied price)

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/21113

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