Download MetaTrader 5

Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

Indicators

TCI - indicator for MetaTrader 5

Scriptor | English Русский 中文 Deutsch

Views:
146
Rating:
votes: 6
Published:
2018.07.09 13:48
TCI.mq5 (10.7 KB)view

Oscillator TCI (Trading Channel Index) displays the ratio between the average daily price and the smoothed averaged value of the average daily price.

It has four configurable parameters:

  • Period - calculation period;
  • Average period - period of calculating the average smoothed value;
  • Coefficient - coefficient (indicator price scale values scaling);
  • Applied price - price used for calculations.

Calculation:

TCI = EMA(B2, Average period)

where:

B2 = (Applied price - MA1) / (Coeff * MA2)
MA2 = EMA(B1, Period)
B1 = Abs(Applied price - MA1)
MA1 = EMA(Applied price, Period)

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/21114

TII TII

Indicator Trend Intensity Index.

TAI TAI

Indicator Trend Analysis Index.

Vortex Vortex

Trend-following indicator Vortex.

Vortex_Difference Vortex_Difference

Indicator to show the difference of the Vortex indicator lines.