The Trend Intensity Index (TII) Indicator MT5 is a free and popular Forex indicator that can be used to easily identify trends in the Forex market. It is based on the Relative Strength Index (RSI), which is a momentum indicator that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the market. The TII Indicator MT5 uses a combination of the RSI and the Moving Average Convergence Divergence (MACD) to measure the strength and direction of a trend. It is a useful tool for traders looking to identify the best entry and exit points in the market. The TII Indicator MT5 is easy to use and can be quickly integrated into any MT5 trading platform. It displays a histogram which oscillates around a zero line. The histogram shows the strength of the trend and the direction of the trend. When the histogram is above the zero line, it indicates an uptrend, while when it is below the zero line, it indicates a downtrend. The histogram also has two colored lines that indicate the strength of the trend. When the lines are close together, it indicates a weak trend, while when they are far apart, it indicates a strong trend. By quickly identifying trends in the market, traders can make informed decisions on when to enter and exit trades, increasing their chances of success.
MT5
Trend Intensity Index
The Trend Intensity Index (TII) is a popular and free Forex indicator for the MT5 trading platform. It uses a range of 0 to 100, with 0 meaning no trend and 100 representing a strong trend. The Trend Intensity Index (TII) is a powerful indicator that can help traders identify both short-term and long-term trends. The indicator is calculated by taking the difference between the current and previous bar’s closing prices and then normalizing the result. It is a popular and free indicator that is easy to use and understand.
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How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.
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