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Trend Confirmation Indicator TCI MTF

PostPosted: Mon Jan 22, 2018 4:56 am
by Apprentice
TCI_MTF.png

LUA Original: viewtopic.php?f=17&t=3447

Description:

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;
TCI_MTF.mq4
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