Alpha Trend Pro
- Indicators
- Eslam Mohamed Abdelrady Shehata
- Version: 1.10
- Updated: 8 December 2023
- Activations: 5
Alpha Trend Pro: Your Ultimate Trading Companion
Embark on a new era of trading with Alpha Trend Pro Indicator. Crafted with precision and innovation, Alpha Trend is designed to elevate your trading experience by seamlessly blending powerful elements to navigate various market conditions.
**Key Features:**
**1. Dynamic Adaptability:**
- In sideways market conditions, Alpha Trend acts as a dead indicator. Say goodbye to many false signals and welcome a tool that adapts seamlessly to market nuances.
**2. Dual-Line Crossovers:**
- Alpha Trend introduces a game-changing feature with an additional line offset by 2 bars. Experience clear BUY and SELL signals as the Alpha Trend line crosses above or below its offset counterpart.
- BUY/LONG signals are indicated by a blue filling when the Alpha Trend line crosses above its 2-bars-offset line.
- SELL/SHORT signals are represented by a red filling when the Alpha Trend line crosses below its offset line.
**3. Support and Resistance Dynamics:**
- During uptrends, Alpha Trend lines act as robust support levels, trailing 1*ATR (default coefficient) distance from bar lows.
- Conversely, during downtrends, these lines transform into formidable resistance levels, trailing 1*ATR (default coefficient) distance from bar highs.
- These lines also can function as trailing stop losses, reinforcing supports and resistances as they become straighter.
**4. Advanced Calculation and Momentum Options:**
- Alpha Trend incorporates MFI (Money Flow Index) as its momentum indicator.
- In situations where volume data is absent, the indicator offers a seamless solution by introducing a checkbox to calculate RSI (Relative Strength Index) instead.
- Momentum factors include RSI and MFI, seamlessly integrated for comprehensive market analysis.
**5. Comprehensive Indicators:**
- Trend
- Volatility: ATR (Average True Range)
- Trailing Stop: ATR Trailing Stop
- Volume: MFI (Money Flow Index) with an optional switch to RSI (Relative Strength Index)
**Why Choose Alpha Trend:**
Alpha Trend is not just an indicator; it's a synergy of different types of indicators meticulously crafted to empower your trading decisions. With its user-friendly interface and comprehensive features, Alpha Trend is your key to unlocking profitable trades.
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