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Trend Confirmation Indicator TCI MTF
Source: https://fxcodebase.com/code/viewtopic.php?f=38&t=65657
Forum: 38 · Topic 65657 · 1 post(s)
Trend Confirmation Indicator TCI MTF
Apprentice · Mon Jan 22, 2018 4:56 am
LUA Original: viewtopic.php?f=17&t=3447
Description:
MT4 version of the LUA Original “Trend Confirmation Indicator”, this time, developed to display 3 timeframes in the same chart.
The TCI is defined as ratio of a short term SMA of the price and a long term SMA, TCI[period] = (ShortMVA[period] / LongMVA[period]-1) *100;