Identify Trend Indicator.

Ivanov_Aleksei

Master Trader
Mar 4, 2018
75
0
47
www.mql5.com
The Identify Trend indicator, using fairly simple but robust filtering methods (based on the moving median), allows determined (1) the beginning of a true trend movement very precisely and, most importantly, with a small delay, and (2) identifying the flat. Such an indicator can be used for trading scalper strategies as well as using long-term trading strategies.

The trend is best identified when the averaging period is 3 bars, the flat - with a period of 13 bars. 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 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.


Screenshots.










Download or buy Identify Trend indicator can be on the link.
 

Ivanov_Aleksei

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


Identify Trend
The Identify Trend indicator, using fairly simple but robust filtering methods (based on the moving median – algorithm XM) and more complex algorithms (XC, XF, XS, four types of non-lagging moving averages SMAWL, EMAWL, SSMAWL, LWMAWL) developed by the author, allows determined (1) the beginning of a true trend movement very precisely and, most importantly, with a small delay, and (2) identifying the flat. Such an indicator can be used for trading scalper strategies as well as using long-term trading strategies. The indicator operation algorithms 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.

Starting with version 2.0, restrictions are introduced on the trading of a freely distributed indicator - only the H4 timeframe can be used. To trade on all timeframes, use the Identify Trend PRO indicator or professional version with rich features - Identify Trend ELITE .


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, SMAWL, EMAWL, SSMAWL, LWMAWL.
  • 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 : a ny 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.