Trend Strength MT5 Forex Indicator
Trend Strength MT5 Forex Indicator
You will find three color lines: gray Smoothed RSI, blue color UpTrend line, and red color DnTrend line.
When the Smoothed RSI is above the blue UpTrend – there is an upward trend. Similarly, when the Smoothed RSI is below the red DnTrend – there is a downward trend.
It fits all kinds of timeframes and currency pairs.
The default mt5 indicator settings can be modified from the input tab. Feel free to experiment with the indicator settings and parameters to fit your preferences.
How to set up the Trend Strength mt5 indicator in MT5?
Installation Guide
Copy and paste the trend-strength indicator.mq5 or trend-strength indicator.ex5 indicator files into the MQL5 folder of the MetaTrader 5 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL5 > Indicators (paste here).
Now go to the left side of your MT5 terminal. In the Navigator, find the gauge name, right-click it, and select Attach to the chart.
Bottom Line
The Trend Strengthmt5 indicator is well worth adding to your trading collection but remembers to have realistic expectations. Just like any other technical analysis tool, it cannot provide accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your trading system based on it.
Trend Strength MT5 Forex Indicator download link
