Trend Direction and Strength - DSEMA Smoothing - MetaTrader 5 Script - MT4/MT5 Resources
Trend Direction and Strength was developed by Pyotr a long time ago by Wojdyło for the Metastock trading platform. Since then we have produced multiple versions of MetaTrader (both MetaTrader 4 and MetaTrader 5).
The indicator uses Double Smoothed EMA (DSEMA) to smooth the results to reduce false signals.
You can use color changes as signals for trend changes or breakouts.
Attachment download
📎 trend_direction_and_force_-_dsema_smoothed.mq5 (8.09 KB)
Source: MQL5 #22976
Trend direction and strength - DSEMA smoothing - MetaTrader 5 script usage and screening recommendations
Trend Direction and Strength - DSEMA Smoothing - 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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