Trend Confirmation Indicator TCI MTF
Posted: Mon Jan 22, 2018 4:56 am
LUA Original: viewtopic.php?f=17&t=3447
Description:
MT4 version of the LUA Original "Trend Confirmation Indicator", this time, developed to display 3 timeframes in the same chart.
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;