Trend_Score - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Tushar S. Chande's Trend Rating indicator is described in "Rating Trend Strength" in S&C Magazine (September 1993).
It shows the strength and direction of the trend.
There are five inputs:
Figure 1. Term method = period of use
Figure 2. Period method = do not use period
Attachment download
📎 trend_score.mq5 (10.31 KB)
Source: MQL5 #23129
Trend_Score - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resource usage and screening suggestions
Trend_Score - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator 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.
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •