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Göstergeler

Trend Strength Index - MetaTrader 4 için gösterge

Görüntülemeler:
6210
Derecelendirme:
(6)
Yayınlandı:
2024.08.06 08:23
Güncellendi:
2024.08.22 12:13
MQL5 Freelance Bu koda dayalı bir robota veya göstergeye mi ihtiyacınız var? Freelance üzerinden sipariş edin Freelance'e git

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 of the linear relationship between the index of the bar and bar close price.


Interpretation:

  • A value near 1 means strong uptrend with small deviation to the mean.
  • A value near -1 means strong downtrend with small deviations to mean. 
  • A value near 0 means that there is possibly a flat.

[08/22/24] Fixed issue with indicator not updating

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The script creates a text object on the chart that continuously rotates and changes its position based on price levels.