If you're diving into trading with MetaTrader 5, you'll want to get familiar with the Trend Intensity Index. This nifty oscillator presents itself as a color histogram, making it easier to spot trends at a glance.
The Trend Intensity Index utilizes the SmoothAlgorithms.mqh library classes. Just a heads-up, make sure to copy this to your <terminal_data_folder>\\MQL5\Include folder for everything to run smoothly. For a deep dive into these classes, check out the article on Averaging Price Series for Intermediate Calculations Without Using Additional Buffers.
Fig. 1. The Trend Intensity Index indicator
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