fxcodebase-backup

Simple-trend-detector

Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=72254
Forum: 17 · Topic 72254 · 2 post(s)


Simple-trend-detector

Apprentice · Mon May 30, 2022 9:02 am

EURUSD m1 (05-30-2022 1559).png

The Simple Trend Detector (STD) Indicator is a momentum indicator which is based on the Relative Strength Index (RSI). The area below 0.3 represents the oversold area, while the area above 0.7 represents the overbought area. Both scenarios are prime conditions for a possible mean reversal.

simple-trend-detector.lua

EURUSD m1 (06-03-2022 1455).png

MTF MCP Simple-trend-detector Heat Map.lua


Re: Simple-trend-detector

Apprentice · Fri Jun 03, 2022 7:56 am

MTF MCP Simple-trend-detector Heat Map.lua added.