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Published:

2018.07.13 15:50

TCF.mq5 (13.2 KB) view

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Oscillator TCF (Trend Continuation Factor) was developed to help identify the trend and direction of the market. It was presented by M.H. Pee in article named Trend Continuation Factor in the Stocks & Commodities magazine.

It has three configurable parameters:

ROC period - ROC (rate-of-change) calculation period;
Smoothing period - smoothing period;
Applied price - price used for calculations.

The growing values of the indicator lines above zero point indicate a trend:

red line - downtrend;
green line - uptrend.

If both lines have negative values, it means that the market is in the consolidation state.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21267

Self_Adjusting_RSI

In pscillator Self-Adjusting RSI, we have implemented the methods of automated adjusting the RSI oscillator overbought/oversold levels, described in David Sepiashvili's article The Self-Adjusting RSI.

Indicator RP (Range Position) displays the price position within the range (from Low to High) reached over the previous N periods.

TTF

Oscillator TTF (Trend Trigger Factor) was developed as a method to identify market trends and reversals.

Indicator VC (Volatility Channel by Larry Williams).

TCF - indicator for MetaTrader 5