True Force Indicator
- Индикаторы
- Lin Lin Ma
- Версия: 1.0
Drawing on years of in-depth experience in the market, I have independently developed this TFI (True Force Indicator) for MetaTrader 5 . Centered around blue bullish bars, red bearish bars, and a golden balance line, it intuitively presents the real-time interplay between bullish and bearish forces, making complex market dynamics clearly distinguishable.
How to use ?
1. Judging trend direction
- Bullish trend: Blue bars are above the golden balance line for 3 or more consecutive periods
- Bearish trend: Red bars are below the golden balance line for 3 or more consecutive periods
- Sideways market: Bars frequently cross the golden line; it is advisable to wait and see
2. Triggering trading signals
- Buy signal: Height of blue bars - Height of red bars ＞ 1.5 (threshold adjustable)
- Sell signal: Height of red bars - Height of blue bars ＞ 1.5
- Signal reinforcement: When the difference exceeds 2.0, the signal strength doubles
3. Warning of trend exhaustion
- Bar height drops by more than 50% consecutively
- Price makes a new high but bar height decreases (top divergence)
- Price makes a new low but bar height rises (bottom divergence)
Core Elements:
- Blue bars: Above the balance line, representing bullish forces; the higher they are, the stronger the bullish momentum
- Red bars: Below the balance line, representing bearish forces; the deeper they are, the stronger the bearish momentum
- Golden balance line: Upward tilt leans bullish, downward tilt leans bearish, and horizontal indicates balanced bullish and bearish forces
If you have any questions about this indicator, please contact me promptly on the MQL5 forum.
