Trend Expert
This indicator is a trend. Its main purpose - as quickly as possible to identify the trend of prices
and as accurately as possible to follow it until it ends. current direction
prices characterized by color indicator. The basis of the indicators laid theory
Dow Jones, according to which the prices in the financial markets move directionally,
and the upward trend is characterized by the excess of each subsequent
minimum / maximum of the previous minimum / maximum, and descending - down
each subsequent high / low in relation to the previous
maximum / minimum.
Thus, the main advantages for the trader are:
- lack of
any external parameters. The user does not need to delve into the specifics
indicator. After a huge amount of optimization and testing processes
We were picked up by the most appropriate indicator parameters for finding extrema
and created three modes: scalping,
medium-term trend and long-term
trend. - scalping mode (short-term trend) must
used by traders, trading on the M1-M5, and putting
stop orders profit / loss of not more than 20 points (4 digits). This mode
certain situations also pinpoints and medium-term (intraday)
trend (>100 points). Recommendation for a short take profit only
It suggests that in this case, the majority of transactions (>90%), a statistically
will be profitable. - medium-term trend mode (intraday trend) must
used by traders, trading on the M5-M15, and putting
target profit / loss of 20 to 50 points (4 digits). - long-term trend mode must
used to confirm trends in the H1-D1. In this
Mode profit target >100 points (4 digits). - calculation function
Extrema takes into account the volatility Tool that provides the most accurate determination of the trend at
high volatility. - The indicator does not clutter the graph. current
the trend is characterized by the color chart candles, respectively,
a trader can use an additional set of other indicators. - The indicator is not redrawn even on the zero bar.
If the indicator changed color (changed trend direction), then the next shift
the trend is only possible if the stop loss is triggered. A stop order
calculated according to a specific algorithm that takes into account the current volatility. - Automatically built equidistant channel, which shows the current direction of trends and best approximates
the current trend. The channel is always directed only in the direction of the trend, and can be used to determine points
opening / closing position. - For the purposes of risk management, the chart always shows
stop loss line. The indicator always shows a definite
signal (BUY or SELL), trend change is possible only when the level stop loss. - The indicator has a very flexible settings visualization.
This indicator is the result of more than five years' programming experience and practical trading on the currency market. The idea forming the basis of this indicator, in practice it has proved its effectiveness and efficiency.
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