Trend Strength Index – indicator MetaTrader 4

Trend Strength Index - indicator for MetaTrader 4
The Trend Strength Index indicator measures strength of current trend. Basically it is similiar to a simplified auto regression indicator, because Correlation function calculates the Pearson correlation coefficient between two sets of data: the closing prices and the bar indices over a specified length. This coefficient ranges from -1 to 1, indicating the strength and direction … Read more

Multiple Buys and Sells ORDERS based on a currency pair strength. – script MetaTrader 4

Multiple Buys and Sells ORDERS based on a currency pair strength. - script for MetaTrader 4
//+——————————————————————+ //| Multiple Buys and Sells ORDERS based on a currency pair strength. //+——————————————————————+ #property copyright     “Copyright 2024, MetaQuotes Ltd.” #property link          “ #property version       “1.01” #property description   “persinaru@gmail.com” #property description   “IP 2024 – free open source” #property description   “AUD CAD CHF EUR GBP JPY NZD USD SGD.” … Read more

Bounce Strength Indicator – indicator MetaTrader 4

Bounce Strength Indicator default settings
Bounce Strength Indicator (BSI) shows the strength of bounce according to the Wyckoff method. After a move higher, the stock moves into a flat consolidation with a clear support level. Chartists should watch action closely as prices approach support. A high volume surge off support, also known as a springboard, is the first sign that … Read more

Bounce Strength Indicator 2.0 with Tango Line – indicator MetaTrader 4

Bounce Strength Indicator v2.0
Bounce Strength Indicator (BSI) shows the strength of bounce. It now works in trend and uses Tango Line calculations. There is no difference in the basic concept, but I tried to remake it from a different angle. I used the width of the range as a measure to measure (like a classical oscillator). This version … Read more

Indicator Strength – indicator MetaTrader 4

Indicator Strength - indicator for MetaTrader 4
This indicator displays, in histogram form, the difference between either: a fast and slow moving average (MA_Power=true) main and signal lines of a MACD indicator (MACD_Power=true) main and signal lines of a stochastic indicator (Stochastic_Power=true) Only one option can be choosen (default is moving average) at any one time, although another indicator can be opened … Read more

MTF Relative Strength Index – indicator MetaTrader 4

MTF Relative Strength Index - indicator for MetaTrader 4
MTF Relative Strength Index is a MetaTrader indicator based on well known RSI. Relative Strength Index is a financial technical analysis momentum oscillator measuring the velocity and magnitude of directional price movement by comparing upward and downward close-to-close movements. The RSI was developed by J. Welles Wilder and published in Commodities magazine in June 1978. … Read more

Relative Strength Index (RSI) – indicator MetaTrader 5

Relative Strength Index indicator
The Relative Strength Index technical indicator (RSI) is a price-following oscillator that ranges between 0 and 100. When Wilder introduced the Relative Strength Index, he recommended using a 14-day RSI.. Since then, the 9-day and 25-day Relative Strength Index indicators have also gained popularity. A popular method of analyzing the RSI is to look for … Read more

Trending or Ranging and Trend Strength Indicator – indicator MetaTrader 4

Trending or Ranging and Trend Strength Indicator - indicator for MetaTrader 4
Brooky Trend Strength Indicator The indicator shows the power of the trend that is in place and whether a pair is trending or ranging. Strength is always from below 0 heading up. This is not a linear directional indicator. The colours give direction, the slope shows strength. 0 is ranging, going up off 0 is … Read more

Modified Brooky Strength Indicator – indicator MetaTrader 4

Modified Brooky Strength Indicator - indicator for MetaTrader 4
Description: This is a modified indi Brooky posted some time ago. Displays the stength of a currency based on 7 of its crosses. Origianally done by Brooky a few pages back in the code base. Enter 7 currency pairs with a common major in each pair. For example Pair1 USDCHF; Pair2 USDJPY; Pair3 USDCAD; Pair4 … Read more