The trend strength indicator for MT4 measures the strength of the trend for any currency pair and displays it in a separated window below the main trading chart.
The range goes from 10% (weak) up to 100% (very strong). The indicator works for all time frames.
General Assumptions
Weak trend: 10% to 40%
Medium to strong trend: 50% to 70%
Very strong trend: 80% to 100%
Download
Download the Trend Strength.mq4 indicator.
Configurable Indicator Options
N/A
EUR/USD Daily Chart Example
How to install the Trend Strength custom indicator in Metatrader 4?
- Download the Trend Strength.mq4 indicator to your computer.
- Open your Metatrader 4 platform.
- Open the data folder from the top menu.
- Open the MQL4 folder.
- Open the indicators folder.
- Paste the indicator file in this folder.
- Restart the trading platform.
- Open any trading chart.
- Attach the indicator to the chart.