TrendScope Pro
- Indicators
- Sabina Fik
- Version: 1.0
- Activations: 5
The TrendScope Pro indicator views the chart as a function with the X-axis representing time and the Y-axis representing price, expressed in bars and pips respectively. The main objective of the indicator is to provide users with signals for actions when the function forms continuous movement in one direction over a specific period of time. The indicator parameters need to be adjusted individually for each currency pair, as the price function varies for different pairs.
The indicator provides convenient arrow signals for identifying favorable entry points in the market. It can be used for both short-term trading and long-term strategies. Two parameters are used for adjusting the indicator. It does not repaint or lag behind the current price. It works on all currency pairs and timeframes, providing a reliable signal system. Sound, email, or push notifications can be configured.
For automatic operation:
To use the indicator in trading bots, it can be combined with other indicators, for example, three indicators, and generate a final signal after optimizing the parameters for each of them. This approach allows for optimizing signals for price function and creating a comprehensive approach, receiving information from three differently configured indicators simultaneously. This approach also helps optimize the indicator for a specific strategy.
For manual operation:
For manual use, parameters need to be visually adjusted by examining the price chart. This involves enabling functions that notify of signal appearance, and based on this information, making decisions. Naturally, with this approach, other tools need to be taken into account as well.
Parameters for adjustment:
- StepX - defines the step on the X-axis.
- StepY - defines the step on the Y-axis.
- FlagAlert - enables or disables the sound alert.
- FlagEMail - enables or disables email notification.
- FlagPush - enables or disables push notification.
