Trend Strength - Jurik Smoothed RSI - MetaTrader 5 Script - MT4/MT5 Resources
Trend strength assessment based on Jurik smoothed RSI.
The purpose of Trend Strength is to try to determine when other indicators have changed enough to make it a trend. Usually the "trend strength" indicator uses smoothed RSI.
This version uses Jurik smoothed RSI. Since this type of smoothing is very sensitive to changes in values and still produces very smooth results, the resulting RSI is a very good basis for trend strength indicator calculations and produces entry points without too many false signals.
Attachment download
📎 trendsstrength_jurik_smothed_rsi.mq5 (17.7 KB)
Source: MQL5 #20747
Trend Strength - Jurik Smoothed RSI - MetaTrader 5 script usage and screening recommendations
Trend Strength - Jurik Smoothed RSI - 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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