Trend Intensity Index, conversion from MT5 indicator code
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Hi,
Can I check if anybody can convert from MetaTrader to Pro Real Time for Trend Intensity Index – https://www.mql5.com/en/code/20713
Trend Intensity Index as described by M.H.Pee in his article “Trend Intensity Index”.
To calculate a 30-day Trend Intensity Index (TII), follow these steps:
- Obtain the 60-day simple Moving Average by adding the Closes for the past 60 days and dividing the result by 60.
- Find the deviation of each of the recent 30 Closes from the 60-day Moving Average. The deviation is up if the Close is above the Moving Average, and down when the Close is below the average.
- Up deviation values are obtained by subtracting the Moving Average from the Close.
- Down deviations are calculated by subtracting the Close from the Moving Average.
- The TII allows you to find out what percentage of these deviations is up or down. For a 30-day TII, you should have 30 deviations from the 60-day Moving Average.
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Topic Details
| Forum: | ProBuilder: Indicators & Custom Tools |
| Language: | English |
| Started: | 07/26/2019 |
| Status: | Active |
| Attachments: | 1 files |
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