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2016.05.16 09:50

Trend continuation factor2 - indicator for MetaTrader 4

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votes: 3
Author: Conversion only Doc Gaines

Trends indicate an important component of the market. You should certainly be able to determine them. However, it is not enough just to determine the trend. It is also important to determine the direction of the current trend. Although trends help to earn more money in short periods of time, they also "help" to quickly lose them, if a position is opened against the market. To avoid such situations the author developed a "trend continuation factor" (TCF). This indicator is created to determine the trend and its direction.
For a clearer understanding, read here.

Translated from Russian by MetaQuotes Software Corp.
Original code:

Ticker Trail Ticker Trail

Here, the trail line is used instead of the signal line. Trail is the line that is distanced from the current price no more than the trailing length.

Ticker MACD Ticker MACD

The chart contains the main line (the difference between the fast EMA and the slow EMA, applied to the Ticker line) and the signal line (obtained by applying the SMA to the main line).

TrendStrength TrendStrength

The indicator used to determine the global trend.

TrendStrengthTrio TrendStrengthTrio

This version of the indicator combines 3 TrendStrength.