Trend Beads
Trend Beads indicator does not contain a trend indicators, such as moving average or Bollinger. The indicator only works with the movements of prices and bars. The indicator is designed to calculate the most probable trend.
The indicator helps users to identify trends trends. The user defines the trend of using color on the screen. The indicator can be used alone as an indicator of trend. It can also be combined with any other indicators.
trading rules
- Rules of the growing trend:
- Purchase should be to make the first blue circle
- Target profit level set by the user.
- The transaction should close in the first red circle
- Regulations falling trend:
- The sale should make the first red circle
- Target profit level set by the user.
- The transaction should close in the first blue circle
Options
- Period - setting the global trend
- Fast_period - rapid period
- Slow_period - slow period
- Depth - distance from the trendline
- Factor - setting the trend rate
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