Trend Strength indicator

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Hi Folks!

I made my version of trend strength indicator with was described in Currency Trader Magazine 03/2006 at pages 28 and 29. I'm attaching the indicator, and the description from Currency Trader. My modification enables to use any number, type and step of moving averages that u want to.

Waiting for your opinion and the results of usage

Regards

Kale

Files:
ma_trend_v2.mq4  3 kb
indicator_description.jpg  185 kb
page28.jpg  305 kb
page29.jpg  386 kb
 

Have you tested this out?

 
adrazz:
Have you tested this out?

No I just wrote it.

 

Thanks Kalenzo

Make if you please so that on the graph prices would be drawn highest and lowest MA from a number. I thus understood on them it is placed Stop-Loss.

 

Thanks Kalenzo,

Very interesting and I will give a test.

moneyline

 

Thanks for the indicator

looks usefull especial for finding consolidations

thanks again

 

Brooky trend strength indicator

brooky_trend_strength.mq4

 

Indicator_Strength

These indicator have 3 Choice [ MA ; MACD ; Stochastic ] for displays in histogram form.

The difference between either :

1. MA_Power=true ~ a fast and slow Moving Average.

2. MACD_Power=true ~ main and signal lines of a MACD indicator.

3. Stochastic_Power=true ~ main and signal lines of a stochastic indicator.

Only one option can be choosen (default is [MA] Moving Average) at any one time, although another indicator can be opened for another option.

This indicator also displays average (strength) levels of difference values above and below the zero line. The feature can be disabled (Set_Levels=false).

This indicator is meant to gauge the power/strength behind a price move.

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