«Identify Trend PRO» Indicator.

Ivanov_Aleksei

Master Trader
Mar 4, 2018
75
0
47
www.mql5.com
The Identify Trend PRO indicator is an advanced version of the popular Identify Trend indicator, to which three new modes have been added. In each of these modes, unique averaging algorithms developed by the author are used, which have low delays and, at the same time, are the most appropriate false signal filters for the foreign exchange market.



The Identify Trend PRO indicator, as well as the Identify Trend, allows very accurately and, most importantly, with a small delay to establish the optimal entry points in the positions, as well as the beginning of the true trend movement. Such capabilities of the indicator allow it to be effectively used both for trading by scalper strategies and using long-term trading strategies.

As averaging, Identify Trend used simple averaging by means of a moving median


4) XM =( Max ({ x })+ Min ({ x }))/2.


The following three more promising averaging algorithms are used in the Identify Trend PRO indicator


1) XC=XF - XS + SMMA

2) XF=<x/SMMA>*SMMA

3) XS=<x*SMMA>/SMMA,

where x is the points of history, <...> - is the averaging procedure, the algorithms of which are presented in detail in the following screenshot.
12.png
Indicator readings are visual, extremely simple and do not require comments. The blue line of the indicator marks an uptrend, the golden line is flat, and the red line is the downward trend. Accordingly, entry points for Buy, when the red or gold line is replaced by blue, and for Sell- on the contrary, when the blue line or gold line is replaced by red.


The indicator has all kinds of alerts. The alert is activated when the indicator indications (for the trend direction) coincide on the last two bars.


Indicator settings.

  • Price type - applied price. Values: Close price, Open price, High price, Low price, Median price ((high + low)/2 - default), Typical price ((high + low + close)/3), Weighted price ((high + low + 2*close)/4).
  • The averaging method - Values: XC=XF - XS + SMMA (default), XF=<x/SMMA>*SMMA, XS=<x*SMMA>/SMMA, XM=(Max({x})+Min({x}))/2.
  • The averaging period - averaging period. Values: any integer (3 default).
  • The Signal method - Type of trading signal alert. Values: No, Send alert, Print (in expert), Comment (in chart), Sound + Print, Sound + Comment, Sound, Push + Comment, Push, Mail + Comment, Mail.



Screenshots.






Download or buy the indicator Identify Trend PRO may by on the link.
 

Ivanov_Aleksei

Master Trader
Mar 4, 2018
75
0
47
www.mql5.com
Identify Trend PRO (new version)

1. Improved flat calculation algorithm, which is now considered for any averaging period.
2. Added arrows showing the moments of the change in the direction of the trend.
3. Three modes of visual display of information are made:
3.1) Only arrows showing the immediate direction of price movement and the moments of the trend change.
3.2) Averaged lines of price movement and arrows of the moments of a change in the direction of the trend.
3.3) Only the middle lines of price movement (as in the earlier version).



Identify Trend PRO

The Identify Trend PRO indicator is an advanced version of the popular Identify Trend indicator. The Identify Trend PRO indicator uses four different (developed by the author) averaging algorithms, which are optimal false signal filters.

The Identify Trend PRO indicator, as well as the Identify Trend, allows very accurately and, most importantly, with a small delay to establish the optimal entry points in the positions, as well as the beginning of the true trend movement. Such capabilities of the indicator allow it to be effectively used both for trading by scalper strategies and using long-term trading strategies.

The following three more promising averaging algorithms are used in the Identify Trend PRO indicator

1) XC=XF - XS + SMMA
2) XF=<x/SMMA>*SMMA
3) XS=<x*SMMA>/SMMA,
4) XM=<Max({x})+Min({x})>/2,
where x is the points of history, <...> - is the averaging procedure, the algorithms of which are presented in detail in the last screenshot.

Indicator readings are visual, extremely simple and do not require comments. The blue line of the indicator marks an uptrend, the golden line is flat, and the red line is the downward trend. Accordingly, entry points for Buy, when the red or gold line is replaced by blue, and for Sell - on the contrary, when the blue line or gold line is replaced by red.
Possible moments of the change in the direction of price movement are also indicated by arrows.
The indicator has all kinds of alerts. The alert is activated when the indicator indications (for the trend direction) coincide on the last two bars.

For affluent clients, there is a more functional professional version of the Identify Trend ELITE indicator.

Indicator settings.

  • Price type - applied price. Values: Close price, Open price (default), High price, Low price, Median price ((high + low)/2), Typical price ((high + low + close)/3), Weighted price ((high + low + 2*close)/4).
  • The averaging method - Values: XC=XF - XS + SMMA (default), XF=<x/SMMA>*SMMA, XS=<x*SMMA>/SMMA, XM=<(Max({x})+Min({x})>/2.
  • The averaging period - averaging period. Values: any integer (3 default).
  • The display method. Values: Show only arrows (default), Show lines and arrows, Show only lines.
  • Line (arrows) thickness. Values: any integer (2 default).
  • Trend DOWN line color=Red
  • Trend UP line color= Aqua
  • FLAT line color=Gold
  • Trend DOWN arrow color=Magenta
  • Trend UP arrow color=Lime
  • The Signal method - Type of trading signal alert. Values: No, Send alert, Print (in expert), Comment (in chart), Sound + Print, Sound + Comment, Sound, Push + Comment, Push, Mail + Comment, Mail.