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Alpha Trend Spotter Free - indicator for MetaTrader 4
- Published by:
- Andy Ismail
- votes: 33
- 2015.03.26 12:19
- 2019.08.26 16:36
This is an indicator for finding the strongest trend each day, suitable for intraday trading or a swing trading.
How to use:
- RED BAR means Bearish Trend for the next candle;
- GREEN BAR means Bullish Trend for the next candle;
- ORANGE BAR means Sideways Trend for the next candle.
If we are using D1 timeframe, see the last BAR. If the bar is RED BAR, open short/sell for today.
If we are using H1 timeframe, see the last BAR. If the bar is GREEN BAR, open long/buy until next hour.
This script shows you current currency pair spread, pip value and the total cost of the spread to open a position. Result will show in your account currency.Close All
Simple code to close all opened orders.
Second-by-second candle timer not dependent on incoming ticks. New candle alert option. Automatic Broker GMT and Daylight Saving Time adjustment.Smoothing Average
This EA is based on 1 moving average indicator, the exit and entry points are determined by a "smoothing factor".