Market / MetaTrader 4 / Indicators /

Trend Power

30 USD

Demo downloaded: 1 500

Published: 22 February 2016

Current version: 1.731

Trend Power

3.86

Indicators
Pavel Zamoshnikov
Version: 1.731
Updated: 17 November 2021
Activations: 10

A very powerful tool that analyzes the direction and the strength of the 8 major currencies: EUR, GBP, AUD, NZD, CAD, CHF, JPY, USD – both in real time, and on historical data. The indicator generates a sound signal and a message when a trend changes. Never repaints signal.

The strength of the signal is calculated for all pairs which include these currencies (28 pairs total), can have value from 0 to 6 on a bullish trend, and from 0 to -6 on a bearish trend.

Thus, you will never miss a good movement. By placing the indicator on a chart of one currency pair, you will be monitoring the trend of all 28 instruments.

The Indicator Features:

Very convenient window for displaying the current currency strength (real time). This window can be minimized and moved by the mouse to any location on the chart.
The current direction of the currency pair trend can always be seen in the top right corner.
It is possible to disable the signal on the currency pairs that you do not trade.
Recognizes non-standard symbol names (with prefixes of suffixes).
It sends emails and push-notifications to mobile devices.

You can test the functionality of the program by downloading the test version from the Comments tab

How to interpret the currency strength readings:

(here is an example of a currency strength for a bullish trend, for bearish - the value will be negative)

0-2 – currency in a sideways movement (flat)
3-4 – currency in a good trend movement, optimal for trading
5-6 – very strong trend, possible correction

The greater the difference between the two currencies, the stronger the trend of the currency pair that includes these currencies.

Usage example:

Signal of intersection of the strength lines of two currencies - a signal of trend change. It allows to take a large portion of the trend, but false entries are possible when the market is in a flat or when it has rapid price fluctuations. It is recommended to wait for the rollback for confirmation.
By current readings of the strength, without using a signal (more reliable method). In the current strength window find the strongest currency (the greatest positive value of the trend strength) and the weakest currency (the greatest negative value of the trend strength). As a rule, the instrument including these currencies is in a very strong trend. It is necessary to wait for the correction to enter.

Please note!

The indicator signals should not be directly used for market entries!

As a rule, a strong trend will have already developed by the time a signal appears, therefore it is necessary to wait for the rollback and enter the market at the current or smaller timeframe based on the data from the other indicators, for example, the "Trend Monitor" indicator.

Parameters:

Counting bars – number of bars for history calculation
Symbol Prefix – the prefix for non-standard symbol name of the currency pair
Symbol Suffix – suffix

Color of UP-trend signal – arrow color of a bullish trend
Color of DOWN-trend signal – arrow color of a bearish trend
Size of Signal's Arrows (0 - disable) – size of the arrows, signaling the trend change (if =0 - not displayed)
Size of the Arrow of the trend's direction (0 - disable) – size of the trend direction arrow in the top right corner (if =0 - not displayed)
Color EUR, Color GBP, Color AUD, Color NZD, Color CAD, Color CHF, Color JPY,Color USD – colors of the strength lines of the 8 currencies in the indicator subwindow

ON/OFF – Sound when the signal – enable sound alerts
Sound of formation of the trend – trend change signal sound
ON/OFF - Alert / Mail / Push – messages in the terminal when a trend changes / E-mail / mobile devices

It is important to have complete historical data on 28 currency pairs, otherwise the indicator readings will be incorrect!

The indicator is able to download the historical data on its own. But it takes considerable time (up to 3 minutes, depending on the download speed). Therefore, to improve the indicator operation speed and to correctly display the data, it is recommended to run the free script «Download Quotes» before the first launch of the indicator, which automatically connects the instruments to the MarketWatch window of the terminal and downloads the historical data on 28 currency pairs for all timeframes.

This procedure needs to be done only once before the first launch of the indicator.

more...

1051

Fxpro Trader Technical 2022.03.16 16:53 #

I bought this indicator 5-6 years ago, and seller still updating and improved until today, very happy and please, superb and greatly appreciated. Thank you

957

Jerzy Zagorski 2017.07.28 10:12 #

Works well, good price

8495

Aravind Kolanupaka 2016.12.29 04:58 #

Good indicator with currency cross over alerts.

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A trend indicator based on the Hull Moving Average (HMA) with two periods. The Hull Moving Average is an improved variant of the moving average, which shows the moment of trend reversal quite accurately. It is often used as a signal filter. Combination of two types of Hull Moving Averages makes a better use of these advantages: HMA with a slow period identifies the trend, while HMA with a fast period determines the short-term movements and signals in the trend direction. Features The movement

FREE

The indicator generates early signals basing on ADX reading data combined with elements of price patterns. Works on all symbols and timeframes. The indicator does not redraw its signals. You see the same things on history and in real time. For better visual perception signals are displayed as arrows (in order not to overload the chart). Features Easy to use. Filter configuration only requires selection of sensitivity in the " Sensitivity of the indicator " input. Signals can be filtered usin

30 USD

Hull Moving Average (HMA) is well-deservedly popular among traders because of the effective averaging of market noise and a relatively small delay. The current MetaTrader 5 version changes its color when the movement direction changes. Sound and text signals are available. It also supports sending email and push messages. It is possible to trigger a signal on the current incomplete bar, although such a signal may be canceled before completion if conditions are no longer appropriate. One of the p

FREE

This is advanced Multi-Symbol and Multi-Timeframe version of the " Candle Pattern Finder " program (search for candlestick patterns based on the book by Gregory L. Morris "Candlesticks charting explained. Timeless techniques for trading stocks and futures" ). This version is implemented as an Expert Advisor-assistant to reduce the load on the terminal. The EA does not trade on its own. The program searches for candlestick patterns for ALL symbols of the "Market Watch" window and for ALL standar

40 USD

This is an advanced multi-timeframe version of the popular Hull Moving Average (HMA) Features Two lines of the Hull indicator of different timeframes on the same chart. The HMA line of the higher timeframe defines the trend, and the HMA line of the current timeframe defines the short-term price movements. A graphical panel with HMA indicator data from all timeframes at the same time . If the HMA switched its direction on any timeframe, the panel displays a question or exclamation mark with a tex

30 USD

The indicator finds candlestick patterns based on Gregory L.' Morris "Candlestick Charting Explained: Timeless Techniques for Trading Stocks and Futures". If a pattern is detected, the indicator displays a message at a bar closure. If you trade using the MetaTrader 5 terminal, then you can download the full analogue of the " Candle Pattern Finder for MT5 " indicator It recognizes the following patterns: Bullish/Bearish (possible settings in brackets) : Hammer / Shooting Star (with or without con

30 USD

Improved version of the free HMA Trend indicator (for MetaTrader 4) with statistical analysis. HMA Trend is a trend indicator based on the Hull Moving Average (HMA) with two periods. HMA with a slow period identifies the trend, while HMA with a fast period determines the short-term movements and signals in the trend direction. The main differences from the free version: Ability to predict the probability of a trend reversal using analysis of history data. Plotting statistical charts for analyz

30 USD

This indicator searches for candlestick patterns. Its operation principle is based on Candlestick Charting Explained: Timeless Techniques for Trading Stocks and Futures by Gregory L. Morris. If a pattern is detected, the indicator displays a message at a bar closure. If you trade using the MetaTrader 4 terminal, then you can download the full analogue of the " Candle Pattern Finder for MT4 " indicator It recognizes the following patterns: Bullish/Bearish (possible settings in brackets) : Hamme

30 USD

This is advanced Multi-Symbol and Multi-Timeframe version of the "Candle Pattern Finder" indicator (search for candlestick patterns based on the book by Gregory L. Morris "Candlesticks charting explained. Timeless techniques for trading stocks and futures" ). The indicator searches for candlestick patterns for ALL symbols of the "Market Watch" window and for ALL standard timeframes from M1 to MN1. When patterns appear on any symbol / timeframe, the indicator gives a signal (text, sound, sending

40 USD

65 USD

30 USD

Advanced ideas of the popular MACD indicator: It detects and displays classic and reverse divergences (two methods of detecting divergences). It uses different color to highlight an uptrend and a downtrend. Two methods of determining a trend: а) MACD crosses the 0 level (classic signal); б) MACD crosses its own average (early signal). This is a multi-timeframe indicator: it can display MACD data from other timeframes. Two methods of drawing: classic histogram and line. It generates sound and vis

30 USD

This indicator signals about crossing of the main and the signal lines of stochastic (lower stochastic) in the trend direction which is determined by two stochastics of higher time frames (higher stochastics). It is not a secret that stochastic generates accurate signals in a flat market and a lot of false signals in a protracted trend. A combination of two stochastics of higher time frames performs a good filtration of false signals and shows the main tendency. The indicator is recommended for

FREE

40 USD

The script visually displays deals from CSV format reports on MT4 terminal charts. It automatically recognizes popular formats: MQL5.com Trading Signals for MT4 / MT5 platforms MyFXBook service Copy the report file to the <Data Folder>\MQL4\Files folder and run the script on any chart. The script analyzes the CSV file, automatically creates new charts for all instruments that are found in the report, and draws the deals of each instrument on a separate chart. The script additionally calculates

FREE

This is an advanced multi-timeframe version of the popular Hull Moving Average (HMA). Features Graphical panel with HMA indicator data from all timeframes at the same time . If the HMA has switched its direction on any timeframe, a question mark or exclamation mark is displayed on the panel, accompanied by a text and audio message. The messages can be configured separately for each timeframe using the corresponding checkboxes. The indicator is located in a separate window, so as not to overloa

30 USD

Alarm Clock generates sound signal at the prescribed time. Time is set by a vertical line on the chart. Just shift this line on the chart to the future. After you set the line at the desired time, you can do whatever you want with the chart, like change a timeframe and a symbol - the alarm clock will generate a signal at the prescribed time anyway. If you accidentally remove the line, the indicator will restore it at the prescribed time. You can attach the indicator to different charts and set d

FREE

The information panel displays important trading information on the chart. Visual display of the information will help you to make a prompt and precise trading decision. Screenshots depict information which I use in my trading system. But you can add any other desired information. To do this contact me via MQL5 web-site. Displayed information: Time till the end of the current candle and formation of a new one. Time set format: hh:mm, if there is at least one full hour, or mm:ss, if you have les

FREE

The script automatically downloads historical data for all instruments from the "Market Watch" window, on all timeframes from M1 to MN1. It is recommended to use the script before launching multi-symbol and multi-timeframe indicators that work simultaneously with many instruments. Features: To download quotes, the script uses the MQL API only. This is a necessary requirement for publishing programs on the MQL-Market. This method is fast enough, but effective in not all cases. A more reliable (bu

FREE

This indicator signals about Stochastic crossing in the trend direction which is determined by the position of the price relative to the Ichimoku cloud. Features: Flexible settings: filtering signals by bullish/bearish bars ( parameter "BUY - the bullish bar only; SELL - the bear bar only" ); setting levels of Stochastic crossing ( parameters "BUY-signal if Stochastic below this level" and "BUY-signal if Stochastic below this level" ) ability to use the Ichimoku cloud of higher timeframes ( pa

30 USD

Advanced ideas of the popular MACD indicator: It detects and displays classic and reverse divergences (three methods of detecting divergences). It uses different color to highlight an uptrend and a downtrend. Two methods of determining a trend: а) MACD crosses the 0 level (classic signal); б) MACD crosses its own average (early signal). This is a multi-timeframe indicator: it can display MACD data from other timeframes. Two methods of drawing: classic histogram and line. It generates sound and v

30 USD

Parabolic SAR is one of the most popular indicators allowing you to determine in a timely manner the trend reversal, get an early entry point and accurately define the place of profit taking. Parabolic SAR is very efficient in case of a trendy market but often gives false signals during a flat. In order to sort such signals out, it is possible to use the same indicator on higher timeframes. This eliminates the main drawback of the indicator during a flat, while retaining its advantage of early e

30 USD

The "Spread Monitor" indicator allows you to analyze the spread change during the day, control the expansion of the spread by your broker and has a number of interesting additional features Choosing a broker with a minimum spread value is very important for the work of night advisors, scalping and intraday trading. However, the MT4 terminal does not store spread data, so the multifunctional "Spread Monitor" indicator will be useful for any intraday trader. Features: The indicator shows the cu

30 USD

The indicator generates early signals basing on ADX reading data combined with elements of price patterns. Works on all symbols and timeframes. The indicator does not redraw its signals. You see the same things on history and in real time. For better visual perception signals are displayed as arrows (in order not to overload the chart). Features The best results are obtained when the indicator works on two timeframes. For example: M30 – the indicator shows the main trend; M5 – the indicator ge

30 USD

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271811 2023.03.21 04:37 #

DONT WASTE YOUR Money!! Does NOT work well when revealing trend strength and the signals are GARBAGE!!! I wasted $30 on this., I believe these 5 star reviews with no comment are fake! Don't believe me then go ahead and purchase and see for yourself!

That long conversation that this guy speaking in no way helps me trade ACCURATELY! The signals trend are way off!! you will waste your $30. trust me I did...

...I have been trading for 5 years and I know how to trade forex...Folks a $30 indicator will not help you trade forex.. Wait until you purchase this indicator that says a STRONG TREND is in place...and when you go to the chart the market is ranging!! SOME STRONG TREND HUH!! There is NO accuracy with this,,, check out TIM EUBANKS review below, he is telling the truth...YOU HAVE BEEN WARNED!

337843

Reply from developer Pavel Zamoshnikov 2023.03.22 11:35 #

I don't know why you have such a reaction. We had a long correspondence and I showed you how you can make money using this indicator, using your instrument and timeframe as an example. If you are unable to trade profitably, maybe the indicator is not to blame for this, but someone else?
According to your logic, why did you buy an indicator for $30 if you think that a good product cannot be cheap? But I don't want to waste time swearing at you. You have the right to write whatever you want. But I know for sure that I did not fake any reviews, but I'm not going to convince you of this. By the way, fake reviews are punishable by a ban on this service, if you didn't know...
In addition, the use of multiple accounts is also prohibited on this site. You write negative reviews here under anonymous numbers, and write to me in private under your real name

1051

Fxpro Trader Technical 2022.03.16 16:53 #

I bought this indicator 5-6 years ago, and seller still updating and improved until today, very happy and please, superb and greatly appreciated. Thank you

337843

Reply from developer Pavel Zamoshnikov 2022.03.16 20:51 #

Thank you!

5693

Tim Eubanks 2018.02.23 08:40 #

This indicator uses too much cpu, and the signals are not so good.

220

Shumin Huang 2018.01.14 10:37 #

User didn't leave any comment to the rating

353

Ilya Krasheninnikov 2017.10.11 14:27 #

User didn't leave any comment to the rating

957

Jerzy Zagorski 2017.07.28 10:12 #

Works well, good price

8495

Aravind Kolanupaka 2016.12.29 04:58 #

Good indicator with currency cross over alerts.

Version 1.731 2021.11.17

Fixed a bug that left the graphical panel if the indicator is loaded using a template.

Version 1.721 2017.03.29

Updated to the new terminal build

Version 1.72 2016.05.18

Fixed an unfortunate typo, which caused no signals to be available in real-time.

Version 1.71 2016.03.21

1. Updated calculation algorithm. The indicator now shows trend more stably, it does not react to minor movements.

2. new input "Signal Threshold" - difference in the strength of currencies, reaching which the indicator will produce a signal. This parameters sets indicator sensitivity to trend changes:
=1 - high sensitivity, early signal, more false signals during flat;
=2 - optimal sensitivity for the most of TFs;
=3 - low sensitivity, minimum of false signals, can be lagging (good for M1).

3. The indicator determines trend: if difference in currency strengths is below "Signal Threshold" - the current instrument is in flat.

4. The indicator shows the market state for the current instrument (trend/flat) using colored bars at the top of the subwindow.

Version 1.51 2016.03.01

Fixed a bug that prevented the indicator from calculating the history further than 2 000 bars.
Now, the maximum number of bars for the calculation is 10 000.

Please note!
As the indicator processes 28 currency pairs simultaneously, during the calculation of a significant number of bars the indicator may freeze for 1-3 seconds to initialize.

Description quality and completeness
Reliability and usability
User support