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14612

Rating:

(43)

Published:

2018.10.29 13:00

Updated:

2019.01.29 15:50

Trend direction and force - DSEMA smoothed.mq5 (8.09 KB) view

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Basics:

The trend direction and force was developed long time ago by Pyotr Wojdyło for metastock trading platform. Since then we have made multiple versions for MetaTrader (both MetaTrader 4 and MetaTrader 5).

This version:

This indicator is using double smoothed EMA (DSEMA) for smoothing result in order to produce less false signals.

Usage:

You can use the color change as signals for trend change or for breakouts.

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Trend direction and force - DSEMA smoothed - indicator for MetaTrader 5