Trend strength 2

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Trend strength 2

Postby Alexander.Gettinger » Tue Jun 18, 2013 2:17 pm

This indicator is a ported MQL5 indicator from http://www.mql5.com/en/code/1699

Formulas:
TS[i]=TS[i-1]+2/(Smooth+1)*(RSI[i]-TS[i-1]),
upband[i] = TS[i]+K*delta2[i],
loband[i] = TS[i]-K*delta2[i],
delta2[i] = delta2[i-1]+alpha*(delta1[i]-delta2[i-1]),
delta1[i] = delta1[i-1]+alpha*(rangeRSI-delta1[i-1]),
alpha = 1/Period,
rangeRSI = hiRSI - loRSI,
hiRSI = max(TS[i], TS[i-1]),
loRSI = min(TS[i], TS[i-1]).

Trend_Strength2.PNG


Download:
Trend_Strength2.lua
(3.58 KiB) Downloaded 958 times


MT4/MQ4 version.
viewtopic.php?f=38&t=66621
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Re: Trend strength 2

Postby tmdabc » Fri Oct 23, 2015 2:03 pm

looks good,thanks :!:
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Re: Trend strength 2

Postby Apprentice » Mon Aug 21, 2017 7:54 am

The indicator was revised and updated.
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Re: Trend strength 2

Postby DanPhi74 » Sat Sep 01, 2018 10:26 am

Great indi.
could you code it for mq4 please .

best regards
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Re: Trend strength 2

Postby Apprentice » Sat Sep 01, 2018 10:56 am

Your request is added to the development list under Id Number 4247
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