Trend Strength Index - MetaTrader 5 Script - MQL5 #20713 - MT4/MT5 Resources
MHPee describes the Trend Strength Index in its article "Trend Strength Index."
To calculate the 30-day Trend Intensity Index (TII), follow these steps:
Attachment download
📎 trend_intensity_index.mq5 (10.13 KB)
Source: MQL5 #20713
Trend Strength Index - MetaTrader 5 Script - MQL5 #20713 Usage and Filtering Advice
Trend Strength Index - MetaTrader 5 Script - MQL5 #20713 is a resource related to trading scripts. 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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