Download MetaTrader 5

Indicators: BrainTrend2Stop

To add comments, please log in or register
Use the Pocket to paste your content. It is convenient!
MetaQuotes Software Corp.
Moderator
181269
MetaQuotes Software Corp. 2011.07.30 14:04 

BrainTrend2Stop:

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.

BrainTrend2Sig algorithm is based on the processing of ATR and Stochastic Oscillator indicators' information.

Blue line below the candlesticks minimums indicates two things:

  1. The market trend is going upwards;
  2. The meaning of the line itself - protection stop at that level or profit taking (if position is profitable) for a long position.

Red line above the candlesticks maximums indicates two things:

  1. The market trend is going downwards;
  2. The meaning of the line itself - protection stop at that level or profit taking (if position is profitable) for a short position.

Author: Nikolay Kositsin

BrainTrend2Stop

To add comments, please log in or register