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Published:

2018.07.09 13:47

TII.mq5 (13.14 KB) view

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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 Ltd.
Original code: https://www.mql5.com/ru/code/21113

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TII - indicator for MetaTrader 5