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Views:: 6753
Rating:: (11)
Published:: 2018.11.30 13:57

TrendStrength DSMA.mq5 (17.16 KB) view

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Theory :

"Trend strength" is usually used on oscillators. But we also started using it on a non-oscillator types of indicators. This is one of them

This version :

It is using Ehlers' deviation scaled moving average as a basi value fro trend strength calculation. The value is displayed on the main chart (the trend strength as well as the DSMA value too)

Usage :

You can use the color change as signals

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TrendStrength DSMA - indicator for MetaTrader 5