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PowerTrend

PowerTrend indicator calculation is based on neural network theory and adjusted by mathematical formula created by the author of this indicator. The product has been developed specifically for detecting the power of a trend starting to swing or rally. This indicator features high accuracy and is easy to use for both beginners and professional traders. It is suitable for all symbols available in MetaTrader (Forex, stock, metal, etc.) and all timeframes.

How to Use

Indicator draws candles in two colors:

  • Green = buy.
  • Red = sell.

Signal Validation

Please open Data Window (Ctrl+D). Indicator has 4 buffers: IMPORTANT buffers are "Power" and "Trend" (buffer numbers 3 and 4). We need to read only the last two digits after the comma for Power label and Trend label. For example:

Power = .7982, Trend = .9382.

Then, the last two digits are 82.

Signal - if Close candle is drawn in green or red, then check the data window. For example:

Power = .7982, Trend = .9382.

Validation A - if values from Power label and Trend label match (e.g., 82), then Signal is valid.

Validation B - if the last two digits from Power label or Trend label have different values but are greater or lower by plus 1 or minus 1, then Signal is valid. For example:

Power = .7568, Trend = .5969

Parameters

  • period - trend cycle period.
  • weight - neural network weight.
  • validation - adjustable multiplier mathematical formula, recommended settings: 0, 1, 4.
  • alert - pop-up notification when the signal appears.
  • candlecount - how many candles are counted on the chart.

Please read Comments section for further updates.

Shaheen Hassanali
10411
Shaheen Hassanali 2018.12.12 18:38   

sunnychow
7768
sunnychow 2018.11.10 17:26 
 

User didn't leave any comment to the rating

Maksym Mudrakov
21366
Maksym Mudrakov 2016.08.30 19:44 
 

Der Benutzer hat keinen Kommentar hinterlassen

Aleksei Mikhanoshin
1912
Aleksei Mikhanoshin 2014.10.15 10:49 
 

I bought this indicator 3 weeks ago. Set it on the price chart MT4 today only.

I changed the currency pairs, timeframes, internal indicator's setting. 8-100-0; ...; 3-3-17; 3-3-286; ... 6-6-6 (oh, no)...

And I have one question.

Why no one has ever asked to return the money?

Maybe all the other buyers paid with candy wrappers, and only I paid dollars?

In the best case - the indicator "powertrend" gives a signal at 2-3 times on stories in 10,000 bars.

Half of them are false.

But "powertrendfilter" churns out stars as the Lord.

Hendrik, you mistook indicators. Your "powertrendfilter" is worth all the $ 50 because of its efficiency.

But the "powertrend" not even worth candy wrappers.

Arhey
276
Arhey 2014.09.11 04:30 
 

Отличный индикатор. Но только нужно искать сигналы с подтверждением.

Version 3.0 2014.11.12
- Improved algorithm and mathematical equation specialized in detecting the rally of the trends.
- Not 100% perfect but suitable with Jesse Livermore's money management.
- Optimized for MetaQuotes-Demo server.
- Old signals remain unchanged, the new buffer is improved.
Version 2.0 2014.10.09
PowerTrend_v2 only showing bars with signal validation, users does not need checking value using Data Window.