Trend Confirmation Index

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Trend Confirmation Index

Postby Apprentice » Sat Dec 21, 2013 9:50 am

TCI.png

As a presumption, the position of the closing price within the candles,
provides information whether the trend is strong or weak, gains or loses power.

TCI will calculate the average of last N position of the closing price within the candles.

Position of Close within the candles are calculated as (C-L) / ((H-L) / 100)
TCI.lua
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The indicator was revised and updated
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Re: Trend Confirmation Index

Postby Alexander.Gettinger » Mon Aug 18, 2014 2:09 pm

MQL4 version of Trend Confirmation Index: viewtopic.php?f=38&t=61051.
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Re: Trend Confirmation Index

Postby Apprentice » Sun Jun 25, 2017 1:32 pm

The indicator was revised and updated.
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