Trend Strength Indicator – indicator for MetaTrader 4

[Metatrader Indicators]

Trend_Strength_Indicator_MQL4.png

This indicator based on a 5 period simple moving average detects trends: if there is an uptrend then shows green bars, if there is a downtrend then shows red bars, if there is a weak trend then shows yellow bars.

The detection of the trend is made by dividing the moving average value by its previous one, so if greater than 1 then there is an uptrend, if lesser than 1 then there is a downtrend.

The flat trend is shown if the absolute difference between 1 and this ratio is lesser than the tolerance specified in the input levels. You can improve the performance of this indicator by changing the tolerance, the kind of moving average and its period.

How to install Trend Strength Indicator – indicator for MetaTrader 4.mq4?

Download Trend Strength Indicator – indicator for MetaTrader 4.mq4
Copy Trend Strength Indicator – indicator for MetaTrader 4.mq4 to your Metatrader Directory / experts / indicators /
Start or restart your Metatrader 4 Client
Select Chart and Timeframe where you want to test your MT4 indicators
Search "Custom Indicators" in your Navigator mostly left in your Metatrader 4 Client
Right click on Trend Strength Indicator – indicator for MetaTrader 4.mq4
Attach to a chart
Modify settings or press ok
Indicator Trend Strength Indicator – indicator for MetaTrader 4.mq4 is available on your Chart

How to remove Trend Strength Indicator – indicator for MetaTrader 4.mq4 from your Metatrader Chart?

Select the Chart where is the Indicator running in your Metatrader 4 Client
Right click into the Chart
"Indicators list"
Select the Indicator and delete

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