Previous Next
English
Sponsored by FxPro
Feedback

Trend Intensity Index

Developed by Robert Hill

Trend Intensity Index (TII) is used to indicate the strength of the current trend in market. The stronger the current trend, more likely the market will continue moving in the current direction.


DOWNLOAD

(6.71KB) Version TII_RLH.mq4

Expert Reviewed
Our rating: Rated 0 out of 5 stars
Avg rating: Rated 0 out of 5 stars
TypeTI
PairsALL
Time frames ALL
Test profit -1
Test max drawdown -1
Market sessionsASIA, AMERICA, EUROPE
Required experiencebeginner
CompatibilityMT4
CodeSource Code
Details
LicenseFree
Price0 USD
Price description

Updated: 28/09/2010

Screenshots and Videos

Enlarge

Expert Reviews

Expert Technical Review

by Mario Nuonno - expert rating: Rated 0 out of 5 stars

How the Software works

Based on the formula developed by M. H. PEE the Trend Intensity Index is used to indicate the strength of the current trend in the market. The stronger the current trend, the more likely the market will continue moving in the current direction.

Pee recommends using a major period of 60 and a minor period of 30.

TII have ranges from a lower limit of 0 to an upper limit of 100.

A TII value above 50 signals an uptrend and a value of 80 means that 80% of the total deviations are up.

When TII fall below 50, a downtrend is taken place, 50 represents a level that is trend-neutral

The closer TII is to 100, the stronger the current uptrend

The closer TII is to 0, the stronger the current downtrend.

Main Settable Options

The configurable options of this indicator are:
Major_Period =60 Period for the indicator
Major_MaMode =1 Values are: 0=sma, 1=ema, 2=smma, 3=lwma, 4=lsma
Major_PriceMode =0 Values are: 0=close, 1=open, 2=high, 3=low, 4=median(high low)/2, 5=typical(high low close)/3, 6=weighted(high low close close)/4
Minor_Period =30
LevelColor =Silver
BuyLevel =20
MidLevel =50
SellLevel =80

Technical Verdict

It is recommended to enter the market during a strong trend and ride it until TII shows signs of a reversal, at which time you should abandon your position and prepare to enter in the opposite direction.

Loading. Please wait...
Email Print
Follow comments  

See all 0 comments

You have successfully subscribed to comments on this addon. You will receive email notifications when someone writes a comment here.

You can unsubscribe at any time from within each email.

Leave a Comment

Your Rating:    Log in to rate
Notify me when someone comments
Log in to comment -

The FXstreet.com’s Metatrader section only provides information about addons and acts like an open database of technical indicators, expert advisors and scripts. The Metatrader section, including addons, reviews and backtests, may also be subject to change without any previous notice. Addons, reviews and Backtests are for educational purposes only and are not meant to be interpreted as trading recommendations. All addons, backtests and reviews are developed by third part developers and FXstreet.com can not be held responsible for the eventual inaccuracies, losses and profits that might occur when using those tools. All Addons must be tested in a demo account before using in a real account.