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Indicators

BrainTrend2 - indicator for MetaTrader 5

Nikolay Kositsin | English Русский 中文 Español Deutsch 日本語 Português
Views:
17797
Rating:
(34)
Published:
2011.07.30 14:04
Updated:
2016.11.22 07:32
braintrend2.mq5 (8.01 KB) view
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Description:

BrainTrend2 is an indicator of the market trends that assigns colors to candlesticks according to the trend direction.

While there is a downward trend on the market, all candlesticks are colored in magenta. As soon as the trend is upwards, all succeeding candlesticks will be colored in lime.

BrainTrend2 algorithm is based on the processing of ATR and Stochastic Oscillator indicators' information. In this indicator I extracted all algorithm variables that can be controlled into the indicator's input parameters, so it can be used not only with the default settings now.

BrainTrend2

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/394

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BrainTrend2Stop is a trend reversal detection indicator, it is displayed by the stops line. Intersection of the line indicates trend reversal and the time to close previously opened positions.