Trend Strength MA indicator for MT5
- Indicators
- Renaud Herve Francois Candel
- Version: 1.10
- Updated: 4 July 2023
- Activations: 5
Almost any strategy only works under certain market conditions.
Therefore, it is important to be able to characterize market conditions at any time: trend direction, trend strength, volatility, etc.
Trend Strength MA is an indicator to be used to characterize trend strength:
- Up extremely strong
- Up very strong
- Up strong
- No trend
- Down strong
- Down very strong
- Down extremely strong
Trend Strength MA is based on a combination of various standard indicators.
Trend Strength MA provides easy to read information about trend direction and strength.
The indicator has no input parameters. It is ready to be used directly in you chart without any optimization.
You can customize color and size of points displayed with the color tab of the indicator.
The indicator can be used with any class of asset: Forex, Stocks, Indices, Futures, Commodities and Cryptos.
The indicator works with any timeframe.
Other indicators for MT4:
We developed more than 60 indicators and utilities for Metatrader 4 and Metatrader 5.
Indicators for MT5:
All our indicators are developed both for MT4 and MT5.
List of all our indicators:
You can see the complete list of our indicators visiting our profile page.