TrendStrength

TrendStrength DSMA – indicator MetaTrader 5

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TrendStrength DSMA - indicator for MetaTrader 5
Theory : “Trend strength” is usually used on oscillators. But we also started using it on a non-oscillator types of indicators. This is one of them This version : It is using Ehlers’ deviation scaled moving average as a basi value fro trend strength calculation. The value is displayed on the main chart (the trend … Read more

TrendStrength EMA variation – indicator MetaTrader 5

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TrendStrength EMA variation - indicator for MetaTrader 5
“Trend strength” version of EMA variation (originally published here : EMA variation along with detailed explanation). In these cases trend strength is used more like a filter than anything else, but the original calculation is kept, and the logic is the original logic of the “trend strength” family of indicators Usage : You can use … Read more