MamchenkoTrend Complex is a highly accurate indicator showing changes of market trends.
The indicator does not redraw a signal after the candle is closed.
On the Figure you can see our indicator and the Trend Magic indicator and find out their differences. Together they bring very good results.
You can use default settings.
Following settings are also not without interest:
- Fast SMA =1;
- Shift 1 =0;
- Shift 2=1;
- T= 10 (you can experiment with this setting; the bigger the value, the more changes are required for the trend change);
- M=12 (empirical value; we do not recommend changing it).