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You liked the script? Try it in the MetaTrader 5 terminal
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- Published:
- 2018.08.09 10:33
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Trend direction and force index is a useful indicator, but it probably is showing too much signals in some cases
This version is adding smoothing in order to make the number of signals generated less. Smoothing methods that can be used in this indicator are :
- simple moving average
- exponential moving average
- smoothed moving average
- linear weighted moving average

Trend direction and force - JMA smoothed

Extended version of Pivot Oscillator.

Trend direction and force

Average Penetration indicator displayed as bars.