TendencyView

TendencyView is an MQL5 indicator/expert designed to display and analyze the trend of a financial asset (the current symbol) across multiple timeframes in parallel: H1, H4, and D1.

It calculates fast and slow moving averages for each timeframe, compares their crossovers, and determines the trend:

• TREND_UP (bullish) -> Fast MA > Slow MA

• TREND_DOWN (bearish) -> Fast MA < Slow MA

• TREND_SIDEWAYS (sideways) -> No clear consensus

On the chart, regardless of the timeframe, it displays color panels with an arrow ▲ (bullish), ▼ (bearish), or ● (sideways), along with the trend strength expressed in %.

Practical guide to interpreting trend strength (%)

• 0 – 0.5 % → Weak / Negligible
  Not a real trend, more like market noise.
  Generally, it’s better to avoid entering the market here, unless for scalping.

• 0.5 – 2 % → Weak trend
  Early stage of a trend with an emerging signal.
  Needs confirmation from other indicators.

• 2 – 5 % → Medium / Clear trend
  Trend is well established with a valid crossover.
  This is the most interesting zone for day trading.

• 5 – 10 % → Strong trend
  Clear acceleration and strong momentum.
  Good potential, but beware of excessive volatility.

• > 10 % → Extreme trend
  An overextension or excess (often after news, a pump, etc.).
  Risk of a sharp reversal is very high and can be violent.