trend intensity index
Info
The trend intensity index is a Indicator for MetaTrader 5 that theory : it was created by m. h.
Usage
This tool is typically used for trend following strategies across multiple currency pairs.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use trend intensity index
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
theory : it was created by m.
Typical Use Case
This Indicator excels in trend following on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Quantora Multi-Timeframe Trend Dashboard MT5 - Professional EMA Trend Analysis - another powerful indicator for MetaTrader 5 traders.
Also recommended: Quantora Moving Average Dashboard MT5 - Professional EMA SMA Trend Analysis - similar indicator with strong performance on MetaTrader 5.
theory :it was created by m.h.pee. the definition (in short) is the following :
to calculate a 30-day trend intensity index (tii), follow these steps:
obtain the 60-day simple moving average by adding the closes for the past 60 days and dividing the result by 60.
find the deviation of each of the recent 30 closes from the 60-day moving average. the deviation is up if the close is above the moving average, and down when the close is below the average. up deviation values are obtained by subtracting the moving average from the close, while down deviations are calculated by subtracting the close from the moving average. the tii allows you to find out what percentage of these deviations is up or down. for a 30-day tii , you should have 30 deviations from the 60-day moving average.
usage :
you can use color changes as signals
You may also like: Global Macro Trend Agreement Indicator - excellent alternative for indicator users on MetaTrader 5.
Source Code
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⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.