In my humble opinion, the FourTrend indicator can be both the main working tool and a supplement to ready-to-use trading strategy. The main convenience of the FourTrend indicator includes its ability to show a trend direction on four timeframes both successively and in any preset direction. At that you do not need to switch charts or overload your working space. It does not repaint its values. It is stable and sustainable. It works on all symbols and does not require fine adjustment. Screenshots show the main working principle but this does not rule out the possibility of further creation of your own templates and principles of processing signals. There are a lot of ways of working which will be shown in examples in the comments.
- TimeFrame1 – current timeframe of the open currency pair chart;
- TimeFrame2 – setting a required timeframe (default value of TF2 is the next timeframe after the current one);
- TimeFrame3 – setting a required timeframe (default value of TF3 is the next timeframe after TF2);
- TimeFrame4 - setting a required timeframe (default value of TF4 is the next timeframe after TF3).