TrendStrength DSMA - MetaTrader 5 Script - MT4/MT5 Resources
"Trend Strength" is often used with oscillators. But we also started using it on non-oscillator type indicators. this is one of them
It uses the Ehlers deviation scaled moving average as the base value for trend strength calculations. This value is displayed on the main chart (trend strength as well as DSMA value)
You can use color changes as signals
Attachment download
📎 trendsstrength_dsma.mq5 (17.16 KB)
Source: MQL5 #23463
TrendStrength DSMA - MetaTrader 5 script usage and screening recommendations
TrendStrength DSMA - MetaTrader 5 Script is a resource related to Forex indicators. 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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