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Indicators: Indicator Strength

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MetaQuotes Software Corp.
Moderator
181352
MetaQuotes Software Corp. 2009.04.08 06:19 

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
16319
MQL4 Comments 2009.05.17 13:41  

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

MQL4 Comments
16319
MQL4 Comments 2009.07.11 20:52  

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
16319
MQL4 Comments 2009.07.11 20:54  
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
16319
MQL4 Comments 2009.07.19 22:04  




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
16319
MQL4 Comments 2009.08.04 21:13  

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

MQL4 Comments
16319
MQL4 Comments 2011.01.23 03:29  
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 2012.08.20 12:36  
Hi, great indicator! Is it avaliable for MT5?
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