As soon as the price is higher or lower than the indicator value and rolls back close to it, it is time to enter the market expecting the trend is about to continue.
NoRepeaTTrend has been tested on history. Unlike other trend indicators, it is efficient in forecasting the trend continuation.
The product works on all timeframes beginning from H4 and higher. This timeframe is necessary for better market entry with an optimal profit/loss ratio.
- ATR, 0..100 – the higher the value, the smaller the number of market entries (less probability of entering the market against the trend).
- Coefficient, 0..5 – channel width.
The product can be used to develop a system involving Stochastic oscillator as an additional tool. That will allow you to profit from visually minor rollbacks that finally turn into trends.