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Trend Intensity Index Inputs and Core Calculation

Article MQL5 code base

Summary

This note describes the Trend Intensity Index, attributing it to an article by M. H. Pee published in 2002. It lists six configurable inputs: the calculation period, moving average period and method, applied price, and overbought and oversold levels. The calculation fragment defines upward and downward components from the difference between price and a moving average, then smooths each component with a simple moving average over the selected period.

The source does not include the final index formula, show how the two smoothed components are combined, or explain how threshold levels should guide entries and exits. It also provides no chart example, market application, or performance evidence. The description therefore conveys the indicator’s component construction and configurable inputs, but is incomplete as a standalone guide to generating or evaluating trading signals. The index should not be treated as a validated strategy based on this brief description alone.

Key ideas

  • The Trend Intensity Index is attributed to a 2002 magazine article by M. H. Pee.
  • Its listed settings cover lookback periods, moving average method, applied price, and overbought and oversold thresholds.
  • The calculation forms positive and negative components from price’s distance to a moving average.
  • Each component is smoothed with a simple moving average over the selected period.
  • The note omits the final index formula and provides no signal testing or performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.