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Indicators: Indicator Strength

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MetaQuotes Software Corp.
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MetaQuotes Software Corp.  

Indicator Strength:

Basic indicator that displays the strength of a move, based either on either moving averages, MACD, or stochastics.

Author: Desmond ORegan

MQL4 Comments
16316
MQL4 Comments  

This is a great work. Thank you for sharing. A great filter for my trading strategy

MQL4 Comments
16316
MQL4 Comments  

How can this be modified to change the color in the histogram to YELLOW when values decrease above 0 and increase below 0?

Yellow would then represent a warning that the directional strength is decreasing.

MQL4 Comments
16316
MQL4 Comments  
donmajor:

This is a great work. Thank you for sharing. A great filter for my trading strategy

What are the other indicators used in this chart?

MQL4 Comments
16316
MQL4 Comments  




Great Indicator. My EA truned from LOSS to Profit when I used this indicator as filter to filter out false signals.


Results without Indicator


Results with Indicator as filter

MQL4 Comments
16316
MQL4 Comments  

Great work on the Indi. Is there an EA available for the indicator?

MQL4 Comments
16316
MQL4 Comments  
rocnation:

Great work on the Indi. Is there an EA available for the indicator?



really like the idea of this indicator but for some reason when I load onto chart, I am not seeing the histogram, do you have any suggestions? regards

Dave

EXTASY
3
EXTASY  
Hi, great indicator! Is it avaliable for MT5?
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