Trend Confirmation Indicator (TCI)
Posted: Fri Feb 18, 2011 2:23 pm
The TCI is defined as ratio of a short term SMA of the price and a long term SMA,
TCI[period] = (ShortMVA[period] / LongMVA[period]-1) *100;
MT4/MQ4 version.
viewtopic.php?f=38&t=65657&p=117174#p117174
The indicator was revised and updated