Trend Confirmation Indicator TCI MTF
Jan 22, 2018
MT4 version of the LUA Original "Trend Confirmation Indicator", this time, developed to display 3 timeframes in the same chart.
The TCI is defined as ratio of a short term SMA of the price and a long term SMA,
TCI[period] = (ShortMVA[period] / LongMVA[period]-1) *100;