Name: Trend_Intensity_Index
Rating: 3.4545454545454546 (11 reviews)
Author: Nikolay Kositsin

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Published by:

Nikolay Kositsin

Views:

4865

Rating:

(11)

Published:

27 September 2018, 15:10

Updated:

29 March 2023, 13:48

\MQL5\Include\

SmoothAlgorithms.mqh (130.2 KB) view

Trend_Intensity_Index.mq5 (19.68 KB) view

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The Trend Intensity Index oscillator displayed as a color histogram.

The indicator uses the SmoothAlgorithms.mqh library classes (copy it to <terminal_data_folder>\MQL5\Include). The detailed description of the classes is available in the article Averaging Price Series for Intermediate Calculations Without Using Additional Buffers.

Fig. 1. The Trend_Intensity_Index indicator

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21670

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Trend_Intensity_Index - indicator for MetaTrader 5