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Trend Strength oscillator

Source: https://fxcodebase.com/code/viewtopic.php?f=48&t=65286
Forum: 48 · Topic 65286 · 1 post(s)


Trend Strength oscillator

Alexander.Gettinger · Sat Oct 28, 2017 12:49 pm

Formula: TrendStrength = MaxStepsMA0 - res, where MA0 - moving average with Period, res = sum of MA(Period), MA(Period+Step), MA(Period+2Step), …, MA(Period+MaxSteps*Step).

Trend_Strength_JS.PNG

Download:

Trend_Strength_JS.jsl

For this indicator must be installed Averages indicator (viewtopic.php?f=17&t=2430).