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Trend Points MT5

30 USD

Demo downloaded: 41

Published: 20 May 2016

Current version: 1.1

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Trend Points MT5

Indicators
Andrey Frolov
Version: 1.1
Updated: 13 December 2021
Activations: 5

The indicator displays points showing a symbol trend.

Bullish (blue) points mean buy signals. Bearish (red) points mean sell signals.

I recommend using the indicator in conjunction with others. Timeframe: M30 and higher.

Simple strategy:

Buy if there are two blue points on the chart.

Sell if there are two red points on the chart.

Parameters

Trend points period - The main period of the indicator;
True range period - The auxiliary period of the indicator;
Points calculation method - Calculation method of trend direction (Simple, Exponential ...);
Applied price - Type of the price used to place the points (Open, Close, High ...).

more...

Screenshot #1 Trend Points MT5

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The script greatly simplifies trader's work with pending stop orders (BuyStop, SellStop). The script places any number of pending orders at a user-defined distance (in points). Order expiration time in seconds can also be specified. It is also possible to place only Buy Stop or only Sell Stop orders. All stop orders are accompanied by user-defined take profit and stop loss levels. Volume is customizable as well. Parameters Open BuyStop - place a pending Buy order Open SellStop - place a pending

This tool set Stop Loss and Take Profit, which are invisible for the broker. But keep in mind that the terminal must be constantly running and connected. It means that you cannot turn off your computer or close the terminal. In the strategy tester, the tool opens positions and manages them using stop-order for demonstration purposes. Parameters Take Profit Stop Loss Slippage

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Trend indicator. Designed for long-term trading. It is recommended to use on a chart with the M30 timeframe or higher. When the red line crossed the green line below the zero mark, and the green line, respectively, crosses from above, then it is a buy signal. When the green line crossed the red line above the zero mark, and the red line, respectively, crosses from above, then it is a sell signal. Parameters Indicator period - period of the indicator. (The greater the period, the more long-term

Trend indicator. Displays a two-colored line on the chart, which shows the market direction. The blue color shows the uptrend. The red, respectively, shows the downtrend. It is recommended to use on charts with the M30 timeframe or higher. Simple strategy: When the line changes its color to blue, buy. When it changes to red, sell. Parameters Trend Uncover period - period of the indicator;

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