TCF - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
The oscillator TCF (Trend Continuation Factor) was developed to help identify trends and directions in the market. It was pissed off by MH in an article titled "Trend Continuation Factors" published in Stocks & Commodities magazine.
It has three configurable parameters:
The increasing value of the indicator line above the zero point indicates a trend:
If both lines are negative, it means the market is consolidating.
Attachment download
📎tcf.mq5 (13.2 KB)
Source: MQL5 #21267
TCF - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
TCF - 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.
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