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Trend Projection

Trend trading is a trading strategy that attempts to capture gains through the analysis of an asset's momentum in a particular direction. The trend trader enters into a long position when a stock is trending upward. Conversely, a short position is taken when the stock is in a down trend.

This strategy assumes that the present direction of the stock will continue into the future. It can be used by short, intermediate or long-term traders. Regardless of their chosen time frame, traders will remain in their position until they believe the trend has reversed but reversal may occur at different times for each time frame.

Recommended with SR Projection Indicator. https://www.mql5.com/en/market/product/17596


Inputs

  • Limit - Limit of bars for calculation
  • AlertON - Enable Alerts
No reviews
Version 1.7 - 2017.06.23
Fixed an error in rule conditions.
Version 1.6 - 2017.06.14
Modified rules for conditions
Version 1.5 - 2017.06.01
Added confirmation alerts
Added label with price for future signal
Version 1.4 - 2017.05.19
Now indicator has 3 types of trends
Version 1.3 - 2017.05.03
Swapped histogram style for Arrows
Version 1.2 - 2017.04.19
Fixed an error in conditions
Version 1.1 - 2017.04.14
Modified signal conditions