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Indicators

TrendStrength DSMA - indicator for MetaTrader 5

Mladen Rakic
Views:
7521
Rating:
(12)
Published:
2018.11.30 13:57
Download as ZIP, How to download code from MetaEditor
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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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