MT4-MT5 Trend Direction and Strength Indicator

Categories: MT4/MT5 Indicators | Posted By: Alexander Williams
MT4-MT5 Trend Direction and Trend Strength Indicator

The trend direction and strength indicator is an effective tool to determine the direction and strength of a trend with an additional filter, presented in two versions for MT4 and MT5.

To smooth the result, the trend direction and strength indicator uses the Double Smoothing EMA (DSEMA), which reduces the number of false signals.

The change in the line color of the indicator serves as a signal for a change in the direction of the trend, and the distance from the zero level line serves as a force.

The Direction and Strength trend indicator is available in two versions — for MetaTrader 4 and 5 trading terminals.

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