fxcodebase-backup
Trend Confirmation Index
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=60136
Forum: 17 · Topic 60136 · 3 post(s)
Trend Confirmation Index
Apprentice · Sat Dec 21, 2013 9:50 am
As a presumption, the position of the closing price within the candles, provides information whether the trend is strong or weak, gains or loses power.
TCI will calculate the average of last N position of the closing price within the candles.
Position of Close within the candles are calculated as (C-L) / ((H-L) / 100)
The indicator was revised and updated
Re: Trend Confirmation Index
Alexander.Gettinger · Mon Aug 18, 2014 2:09 pm
MQL4 version of Trend Confirmation Index: viewtopic.php?f=38&t=61051.
Re: Trend Confirmation Index
Apprentice · Sun Jun 25, 2017 1:32 pm
The indicator was revised and updated.