Trend Strength Dashboard Indicator
The trend strength dashboard indicator measures the strength of the trend for any currency pair and displays it in a separated window left side of the main trading chart. The range goes from -9 very strong downtrend up to +9 very strong uptrend. The indicator works for all timeframe’s.
General Assumptions for Down Trend Power
Weak trend: -1 to -4
Medium trend: -5 to -7
Strong trend: -8 to -9
General Assumptions for UP Trend Power
Weak trend: +1 to +4
Medium trend: +5 to +7
Strong trend: +8 to +9
How to install a custom indicator to your MetaTrader 4 platform
1. Locate and copy the MT4 custom indicator file on your computer. These are the MT4 indicator files that you would have downloaded.
2. Open the data folder.
3. Open MQL4 file.
4. Open the indicators folder.
5. Paste the files.
6. Restart MetaTrader 4.
All is Done!