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Trend continuation factor2 - indicador para MetaTrader 4
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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.
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.
Traduzido do russo pela MetaQuotes Ltd.
Publicação original: https://www.mql5.com/ru/code/7493
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
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
The indicator used to determine the global trend.
TrendStrengthTrio
This version of the indicator combines 3 TrendStrength.