Re: Various Indicators - (MT5)

252
rowlence wrote: Tue Aug 08, 2023 5:43 am Hello
I'm looking for explanation how to utilize this indicator
Thanks in advance
This would be one way.

From the Forex Geek:

Trend Direction Force Index Indicator Strategy

Buy Signals


* The price breaks above resistance or gets rejected from support.
* The trend direction force index value reaches +1 to signal a bullish market trend.
* Hold long positions until the indicator line returns to zero.

Sell Signals

* The price plots a bearish breakout at support or fails to exceed a resistance.
* The trend direction force index value drops to -1, indicating a bearish trend.
* Hold short positions until the indicator value rises to zero.
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rowlence

Re: Various Indicators - (MT5)

253
mrtools wrote: Tue Aug 08, 2023 6:12 am This would be one way.

From the Forex Geek:

Trend Direction Force Index Indicator Strategy

Buy Signals


* The price breaks above resistance or gets rejected from support.
* The trend direction force index value reaches +1 to signal a bullish market trend.
* Hold long positions until the indicator line returns to zero.

Sell Signals

* The price plots a bearish breakout at support or fails to exceed a resistance.
* The trend direction force index value drops to -1, indicating a bearish trend.
* Hold short positions until the indicator value rises to zero.
Thanks Mr Tools
I have a favour to ask,if you're less busy
I've seen an mt4 version of The Trend Direction Force Index on this viewtopic.php?p=1295515633#p1295515633

You added arrows on that version, mtf & alerts

Can you please help me with an MT5 version with same arrows and setting as that attached MT4 please, I'm trying to look for mql5 file
I will be forever grateful 🥲💓 and indebted to you sir
Attachments


Re: Various Indicators - (MT5)

256
Dear Sirs, ladies and gentlemen.
I have scanned the entire Thread to find the original Trend Envelopes v.2 by Igor from TrendLaboratory and could not find it.
I had a look at Mladen's versions, but he has his own ideas about what it is and how to calculate it and therefore does not suit my trading.
If anyone could help me to find a copy in MT5 format, I would be immensely grateful.
Also, I attached a copy of the original should someone be so kind to convert it to MT5 from MT4.
Thanking you all in adance and wishing you continued success.
Hercs.

Re: Various Indicators - (MT5)

257
mrtools wrote: Thu Nov 25, 2021 11:37 am Added mtf.
Image


Expect teachers to add Ahrens moving average, Deviation scaled MA - DSCMA to Rex - extended (mtf) .ex5.

Of course, it would be better if you added the full average. I personally like Ahrens MA, DSCMA. :thumbup:

The merit is immeasurable!

Re: Various Indicators - (MT5)

258
太虚一毫 wrote: Wed Oct 25, 2023 1:38 pm Expect teachers to add Ahrens moving average, Deviation scaled MA - DSCMA to Rex - extended (mtf) .ex5.

Of course, it would be better if you added the full average. I personally like Ahrens MA, DSCMA. :thumbup:

The merit is immeasurable!
Added the averages.
These users thanked the author mrtools for the post (total 3):
太虚一毫, alexm, RodrigoRT7

Re: Various Indicators - (MT5)

260
太虚一毫 wrote: Thu Oct 26, 2023 11:37 am Very good! If the teacher gives the signal line color-changing version, i.e. Rex - extended (mtf).ex5, add the average package, even better! :thumbup:

The merit is immeasurable!
Tried to make the color types the same as the mt4 version and added the alerts.
These users thanked the author mrtools for the post (total 3):
太虚一毫, Krunal Gajjar, alexm


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