Trend Equilibrium Indicator TrendEQ - Script for MetaTrader 5 - MQL5 #54846
Settings and parameters
Momentum Period <br/>The number of candles used to calculate momentum.
Recommended value: 14
(Higher values result in smoother curves, but with lag.)
Volatility Period <br/>The number of candles used to calculate volatility.
Recommended value: 14
Scale Factor <br/>The scale factor adjusts the indicator calculation to produce a readable curve.
Default value: 100000
Overbought Level <br/>Above this value, the market is considered overbought.
Default value: 100.0
Oversold Level <br/>Below this value, the market is considered oversold.
Default value: -100.0
The trend is confirmed:
Volatility Adjustment:
This indicator dynamically adjusts its momentum calculations based on current market fluctuations, providing more accurate and timely signals.
Overbought/oversold signals:
Attachment download
📎 xauusdh1.png (61.07 KB)
📎 trendeq.mq5 (10.21 KB)
Source: MQL5 #54846
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