Linear Trend Predictor MT5
- Indicators
- Version: 1.50
- Activations: 10
Linear Trend Predictor - A trend indicator that combines entry points and direction support lines. It works on the principle of breaking through the High/Low price channel.
The indicator algorithm filters market noise, takes into account volatility and market dynamics.
Indicator capabilities
Main parameters
Volatility Smoothing Level - the main parameter of the indicator that allows you to configure the indicator for comfortable work.
It has a range of numbers from 1 to 100, thereby increasing the smoothness, you can get longer trend movements.
With small numbers, you can get short-term movements with a quick exit from transactions.
Trading moments with the indicator:
The indicator algorithm filters market noise, takes into account volatility and market dynamics.
Indicator capabilities
- Using smoothing methods, it shows the market trend and entry points for opening BUY or SELL orders.
- Suitable for determining short-term and long-term market movements by analyzing charts on any timeframes.
- Adaptive to Any Market and Timeframe, input parameters allow the trader to independently customize the indicator for themselves.
- The set indicator signal does not disappear and is not redrawn - it is determined at the close of the candle.
- Several types of alerts are combined with arrows.
- The indicator can be used as an independent trading system, as well as an addition to other trading systems.
- Can be used by traders with any level of experience.
Main parameters
Volatility Smoothing Level - the main parameter of the indicator that allows you to configure the indicator for comfortable work.
It has a range of numbers from 1 to 100, thereby increasing the smoothness, you can get longer trend movements.
With small numbers, you can get short-term movements with a quick exit from transactions.
Trading moments with the indicator:
- Red lines and arrows for a downward trend and opening Sell signals. Stop loss is set according to the previous upper fractal.
- Yellow lines and arrows for an upward trend and opening Buy signals. Stop loss is set according to the previous lower fractal.
- The Fractals indicator is built into the MT4 terminal.
- For long-term and medium-term trading, keep positions open until an opposite signal appears. (Using high smoothing)
- For short-term trading, use 2 indicators with different smoothing parameters: With high smoothing to determine the trend and with minimal smoothing to open and close positions.
