You didn't post a topic yet. Let us show you how to make your first topic and upload your favorite forex robot. Guide me

Skip to forum content

Log-In or Register to get unlimited download access of Forex Robots!

Login with Facebook!

Login with Facebook

Login with Username and Password!

     Username:       Password:  Login

Register  |  Forgot Password?

 

The latest topics with attached files (Forex robots, Forex Indicators, etc..)

Forums in this category with details of Replies, Views, last post

Forex Fx charger

by jp1_imports

theofx

by kgoraps

helo ea

by Saurabh Verma


[ Closed ]

Pages 1

You must login or register to post a reply

RSS

Posts: 2
Please rate this topic
Current rating: 0
Votes: 0

Embed topic to your site

Trending or Ranging and Trend Strength Indicator

Topic: Trending or Ranging and Trend Strength Indicator

The indicator shows the power of the trend that is in place and whether a pair is trending or ranging.

Strength is always from below 0 heading up. This is not a linear directional indicator. The colours give direction, the slope shows strength. 0 is ranging, going up off 0 is trending. The logic is the variance between ATR and StdDev over the same period with smoothing arrays of the result. Sensitivity is pip based as the desired minimum movement between the highest high and lowest low over your nominated set of bars. Typically the last 5 bars. This filters the minimal movements into lighter colored bars which are often an early sign of reversal or just a consolidation before trend continuation.

Post's attachments

Brooky_Trend_Strength.mq4 4.81 kb, 6 downloads since 2014-10-22 

Share

Trade with small deposit on leverage 1:3000! Deposit less, win more...

Minimum deposit $5. Try your Forex robots with leverage 1:3000.

You can test most Forex robots on Live FBS account (leverage 1:3000) with minimum $20.


Re: Trending or Ranging and Trend Strength Indicator

Very well described and put together. I know I will be able to use this one thanks!

Share

Posts: 2

Pages 1

You must login or register to post a reply


 

NOTE: Hacked or illegal versions of copyrighted Forex robots are highly prohibited on MT4talk.com. If you upload any illegal version of any copyrighted Forex robot, your forum account will be banned. No exceptions.


Copyright MT4talk.com Forum Rules - Privacy Policy.