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Advanced Trend Dream MT5

The indicator analyzes the internal averaged price channel on the specified border moving beyond the external cumulative one depending on the direction of current conventional trend, and at the same time the second price channel on the specified border moving beyond the extremums (or specified price modes) of the previous bar. A special case of the setting of this indicator is a well-known Ozymandias. The direction of the current conventional trend is displayed by a line, and the trend change ("exit") event is displayed by an arrow. Additionally, it is possible to enable sound and text notification, as well as a message to mobile device. The arrow is fixed at the closing of a bar and is not redrawn afterwards. The message about a probable change in the direction can also be output on an unfixed bar, but it should be considered that the arrow may disappear before the bar closes. It is possible to select 16 price types (including the prices of the Heiken Ashi bars) and 26 types of smoothing.


Parameters:

  • High & Low prices amplitude period - calculation period of the external price channel
  • High & Low moving average amplitude period - calculation period of the first internal price channel
  • High & Low moving average smoothing method - smoothing method of the first internal price channel
  • High moving average used price - price for the calculation of the upper border of the first internal price channel
  • Low moving average used price - price for the calculation of the lower border of the first internal price channel
  • Price channel period - price for the calculation of second internal channel
  • Price channel smoothing method - smoothing method of the second internal channel
  • Price for up channel line - price for the calculation of the upper border of the second internal channel
  • Price for down channel line - price for the calculation of the lower border of the second internal channel
  • Prev high price to compare - price type to compare with the second price channel when the movement changes upwards
  • Prev low price to compare - price type to compare with the second price channel when the movement changes downwards
  • Trend arrow up symbol code - code of the arrow for the trend changing upwards
  • Trend arrow down symbol code - code of the arrow for the trend changing downwards
  • Arrows up & down shift multiplier - multiplier for the up/down offset of the arrows
  • Alerts on closed bars - enable displaying alerts only on closed bars
  • Enable alert messages - enable/disable the output of text messages
  • Enable alert notifications - enable/disable sending notifications to the mobile terminal
  • Enable alert sounds - enable/disable sound notifications
  • Alert sound file name - file name for sound notifications

PS When selecting the parameter combinations, it is necessary to understand that some of them might exclude the fact of the internal channel intersecting or moving beyond the external one. In this case simply reset the settings to their default values.

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