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Trend Checker MT5

30 USD

Demo downloaded: 21

Published: 31 January 2025

Current version: 1.2

Trend Checker MT5

Indicators
Ahmad Kazbar
Version: 1.2
Updated: 23 March 2025
Activations: 5

Trend Checker MT5 (GammaTrend) — Smart Indicator for Trend & Trade Levels

Summary
Rule-based trend visualization with ATR-aware entries, adaptive stop-loss, and optional targets.

What it does
GammaTrend analyzes price action together with the Average True Range (ATR) and selected market-closure conditions to highlight trend direction, suggest potential entry zones, and compute indicative stop-loss and target levels. It is a visual analysis tool; it does not execute trades.

Key features

Trend identification: consistent, rule-based reading of momentum and direction.
Entry zones: uses volatility and close-condition filters to flag potential entries.
Dynamic stop-loss: adaptive levels informed by ATR or recent swings.
Indicative targets: optional target calculation (e.g., RR-based or ATR multiples).
Clean display: minimal, readable overlays suitable for most templates.

Inputs (example — rename to match your file)

ATR_Period, ATR_Multiplier — volatility model.
CloseFilter_Lookback — bars considered for “closure” logic.
MinTrendBars / SlopeThreshold — trend qualification.
SL_Mode ( ATR / Swing ) and TP_Mode ( RR / ATRx ).
ShowTargets, ShowLabels, Alerts ( OnEntry , OnSLUpdate , OnTarget ).

How to use

Attach to any symbol/timeframe.
Tune ATR and trend filters for your market conditions.
Use the plotted zones/levels to support your existing workflow (breakout, pullback, or swing management).

Notes

Designed for chart visualization; no performance or profit guarantees.
Behavior may vary across symbols/timeframes, especially in high-volatility periods.
Screenshots showing uptrend/downtrend examples and SL/TP overlays are recommended.

Changelog

v1.20 — Initial release.

Support

Questions via MQL5 comments or private messages.

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