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Dailytrendstrength

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Published: 1 September 2026

Current version: 1.0

Dailytrendstrength

Indicators
Shi Yuan Wang
Shi Yuan Wang
China

789
I write custom indicators, Expert Advisors (EAs), scripts and trading tools
for MetaTrader 4 and MetaTrader 5, and indicators for TradingView (Pine Script).
What I can do for you:
- Convert a clearly described trading rule into a backtestable MQL4/MQL5 EA

1 code 1 comment
Version: 1.0

Daily trend strength (Daily Trend Strength)

The Daily trend strength is a visual analytical tool designed to track the relative strength of price movement compared to the daily opening price. It displays the percentage change of the current price from the daily open, using a color-coded line and area fill for instant trend recognition.

Key Features

Daily Percentage Change: Shows how far the price has moved from the daily open in percentage terms.
Color-Coded Visualization: Green indicates price is above the daily open (bullish), Red indicates price is below the daily open (bearish).
Daily Segmentation: The line and fill break at the start of each new trading day, keeping the chart clean and easy to read.
Dynamic Labels: Displays a daily open price label and a real-time percentage change label with directional arrows (▲/▼).
Multi-Symbol Support: Monitor another symbol's daily performance directly on your current chart by specifying the asset name in inputs.
Intraday Only: Automatically disables and prompts the user when attached to timeframes higher than 4 hours (H4).

Input Parameters

Asset: Specify a symbol to track (leave empty to use the current chart symbol).
Positive Color: Color used when price is above the daily open (default: LimeGreen).
Negative Color: Color used when price is below the daily open (default: Red).
Neutral Color: Color for static elements like separators and zero-line (default: Gray).

How to Use

Simply attach the indicator to any intraday chart (M1 to H4). The indicator will plot the percentage change in a separate window below the main chart. Use the colors and labels to quickly assess the intraday trend strength and direction relative to the daily open.

Note: This indicator is optimized for intraday trading sessions. For higher timeframes, please switch to a lower timeframe to activate the indicator.

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Dailytrendstrength

Shi Yuan Wang

Key Features

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