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Easy Trend System MT4

The indicator determines the state of the market (trend or flat) using the upgraded Bollinger Bands of higher timeframes and colors the bars in trend/flat colors.

The indicator also gives signals (arrow on the chart + Sound and notification to Mail, Push):

  • signal at the beginning of every new trend;
  • signal inside the trend (entry at the end of the correction)

Signals are never redrawn!


How to use the indicator?

The indicator works very well intraday. When using the indicator for intraday (TF M1-M15) trading, it is strongly recommended to open trades only in the direction of the trend on the higher TF.

If you trade intraday, do not open trades against the trend of the higher TF or if the indicator on the higher TF shows a flat!

The recommended ratio of higher and working timeframes:

Working TF Higher TF
M1
M15
M5
H1
 M15 H4
 M30-MN1 Higher TF not used


The indicator is optimized for use in advisors and can provide excellent entry points for your robot (you can download a simple grid advisor with an example of using the indicator on the Comments page).


Indicator parameters

  • Number of bars to calculate (=0 -all bars) – number of bars to calculate the indicator (=0 - all chart bars will be calculated)
  • Allow signal on the 0th (unclosed) bar - enable a signal on the current (unclosed) bar. This signal may be canceled until the bar is closed!

The "Current and Higher timeframes" block - determines from which of the higher timeframes Bollinger Bands will be used to calculate the trend/flat,
For example:
to work on M5, Bollinger Bands on M15 are used
to work on H1, Bollinger bands of the current TF (i.e. H1) are used

  • UP-trend color – color of UP-trend bars
  • DOWN-trend color - color of DOWN-trend bars
  • Flat color - color of Flat bars
  • UP-trend Signal color - color of Buy-signal arrows
  • DOWN-trend Signal color - color of Sell-signal arrows
  • Size of trend start signals - size of arrows of the trend start
  • Size of signals inside the trend - size of arrows inside the trend (after correction)

Block of notifications:

  • ON/OFF - Alert – enable/disable sound messages in the terminal when signals occur
  • ON/OFF - E-Mail - enable/disable sending messages by email
  • ON/OFF - Push Notification - enable/disable sending push messages to mobile devices
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PRO Renko System is a highly accurate trading system specially designed for trading RENKO charts. The ARROWS and Trend Indicators DO NOT REPAINT! The system effectively neutralizes so called market noise giving you access to accurate reversal signals. The indicator is very easy to use and has only one parameter responsible for signal generation. You can easily adapt the tool to any trading instrument of your choice and the size of the renko bar. I am always ready to provide extra support to help
Automatically draw support and resistance levels PLUS propulsion candle gaps on your chart, so you can see where price is likely to head next and/or potentially reverse. This indicator is designed to be used as part of the position trading methodology taught on my website (The Market Structure Trader) and displays key information for targeting and potential entries. MT version available here:  https://www.mql5.com/en/market/product/97973 There are 2 CORE features in the indicator and 4 additiona
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This is advanced Multi-Symbol and Multi-Timeframe version of the " Candle Pattern Finder " program (search for candlestick patterns based on the book by Gregory L. Morris "Candlesticks charting explained. Timeless techniques for trading stocks and futures" ). This version is implemented as an Expert Advisor-assistant to reduce the load on the terminal. The EA does not trade on its own. The program searches for candlestick patterns for ALL symbols of the "Market Watch" window and for ALL standar
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4.2 (5)
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Market Calculator is a powerful tool that allows you to easily and quickly calculate the main parameters of a trade: Lot size, StopLoss and TakeProfit, as well as estimate the amount of funds (required Margin) to open a position. The program has a very convenient and intuitive control, because implemented in OS Windows style. There are many interesting and handy features - just watch the video: youtu.be/FG2qqTJTIhE All program data are sorted into sections in the form of tabs: " Lot Calculator "
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Pavel Zamoshnikov
3.67 (3)
The indicator generates early signals basing on ADX reading data combined with elements of price patterns. Works on all symbols and timeframes. The indicator does not redraw its signals. You see the same things on history and in real time. For better visual perception signals are displayed as arrows (in order not to overload the chart). Features The best results are obtained when the indicator works on two timeframes. For example: M30 – the indicator shows the main trend; M5 – the indicator ge
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