Hi guys. i’ve printed a brand new indicator named Trend for MT5. I believe you would be simply as enthusiastic about it as I’m. it is already displaying nice guarantees and potentials.
MT5 model is out there right here: https://www.mql5.com/en/market/product/89518?supply=Site+Profile+Seller
The indicator is designed in keeping with the transferring common system, which is extra steady and has much less lag than RSI or CCI. The indicator has three traces and 5 parameters, the transferring common interval and the width of the road might be manually modified. If the quick development line is decrease than 20, there’s a low worth part, and whether it is increased than 80, there’s a excessive worth part. You may consult with the 2 development line crossings and the up and down arrow indicators.
What can this indicator brings to you?
- Accurate entry sign: The indicator attracts the up and down arrow indicators. When the down arrow seems, select to open promote positions, and when the up arrow seems, select to open purchase positions.
- Multi-period development evaluation: Load this indicator into a big timeframe chart and a small timeframe chart, the impact of utilizing will probably be higher. Judge the development path in keeping with the indicator coloration on the massive timeframe chart, and enter the market in keeping with the indicators on the small timeframe chart.
- Judge excessive worth and low worth part: The worth of the indicator is all the time between 0 and 100, primarily based on this, the relative place of the worth might be analyzed. when the development line is increased than 80, the worth is at an overbought part, you’ll be able to select alternatives to open purchase positions. when the development line is under 20, the worth is at an oversoldpart, you’ll be able to select alternatives to open promote positions;
- Design new EAs:you’ll be able to design new EAs primarily based on the path of the development line or the divergence of the indicator;
- Alarms: When there are up or down arrow indicators, or two tracesabove 80 and have an up cross or under 20 and have a down cross, it may ship emails and massages to the cell shopper, and on the identical time ship alerts within the chart window, which lets you get prompt sign with out watching the indicators by your self on a regular basis. The variety of reminder repetitions of each time might be manually modified, and the three forms of message reminders might be manually turned off or on;
Indicator Features
- The indicator attracts development traces in a easy and intuitive approach, it’s simple to make use of;
- It has sturdy predictability for costs, and the worth of the indicator is all the time between 0-100, which might predict the comparatively excessive or low worth;
- Robust, with out frequent development sign reverses;
- Small lag, in a position to change the development sign coloration on the preliminary stage of worth reversal;
- Applicable to all timeframes and any image;
- Trend traces and arrow indicators don’t drift and repaint;
The sign of the indicator is proven within the determine, and the identical impact might be obtained by downloading the indicator and backtest it on the MT5 shopper.
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