Trend Strength oscillator

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Trend Strength oscillator

Postby Alexander.Gettinger » Sat Oct 28, 2017 12:49 pm

Formula:
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).

Trend_Strength_JS.PNG


Download:
Trend_Strength_JS.jsl
(3.74 KiB) Downloaded 507 times


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