Trend Strength oscillator

[Alexander.Gettinger]

This indicator is a ported MQL5 indicators from http://www.mql5.com/en/code/1585

Formulas:
TrendStrength = MaxSteps*MA0 - res, where
MA0 - moving average with Period,
res = sum of MA(Period), MA(Period+Step), MA(Period+2*Step), ..., MA(Period+MaxSteps*Step).

Download:

Trend_Strength.lua

(3.75 KiB) Downloaded 536 times

For this indicator must be installed Averages indicator (viewtopic.php?f=17&t=2430).

The indicator was revised and updated

[Apprentice]

Indicator was revised and updated.