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The Relative Strength Index(RSI) is used in bespoke calculations by the Trend Strength MT5 indicator to determine the trend’s direction.
Below the primary trade MT5 chart is a separate window that shows the MT5 indicator.
Three color lines may be seen: a gray Smoothed RSI, a blue UpTrend line, and a red DnTrend line.
There is an upward trend when the Smoothed RSI is higher than the blue UpTrend. Similar to this, a negative trend is present when the Smoothed RSI is below the red DnTrend.
All timeframes and currency pairs are compatible with it.
From the input tab, the default MT5 indicator settings can be changed. You are welcome to play around with the indicator settings and parameters to suit your tastes.
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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.
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 | No Minimum Deposit ECN Acount No Commission | |
 | Min Deposit of 20$ |
The Trend Strengthmt5 indicator is a valuable addition to your trading toolkit, but keep in mind that you should have reasonable expectations. Like any other technical analysis tool, it is not always able to produce reliable signals. As a result, this forex indicator occasionally generates erroneous signals. The state of the market will have a huge impact on how it performs. Feel free to use it as the foundation for your trading strategy.
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