BrainTrend1Stop is a trend reversal indicator. Intersection of the stops line by a price indicates trend reversal and the time to close previously opened positions.
BrainTrend1Stop algorithm is based on the ATR and Stochastic Oscillator indicators. In this version the values of all algorithm variables are designed as the indicator's input parameters, so now it be used with custom settings.
Cyan line below the candlesticks minimums indicates the following:
Magenta line above the candlesticks maximums indicates two things:
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/393
BrainTrend1Sig is an indicator for positions opening and closing. It indicates trend reversal points when a price reaches extreme values.BrainTrend1
Trend direction indicator BrainTrend1.