Trend Detection Index - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources - MetaTrader 5 Resources
Based on MHPee’s “Are You Trending” article:
In this version we add a smoothing option before using prices in calculations. The added lag is very small, so smoothing can help filter out some false signals
You can use color changes as signals
Attachment download
📎 trend_detection_index_rof_averagesk.mq5 (11.85 KB)
Source: MQL5 #23576
Trend Detection Index - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resource Usage and Screening Suggestions
Trend Detection Index - MetaTrader 5 Script | Trading Script Download - MT4/MT5 resources are trading script related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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