Skdon2

A revised version of a very well-known trend indicator, SkDon Trend Signal. This is an assistant indicator that shows the strength and direction of price movement. It colors the chart with colored bars (histograms): blue bars grow upward, red bars downward. Blue bar - bullish sentiment (price may go up). Red bar - bearish sentiment (price may go down). The taller the bar, the stronger the signal. If the bars are short or almost absent, the market is calm, it is better not to enter.

Why is it needed? This indicator is designed for trading on 30-minute candles (M30). Its main task is to give fewer signals, but more accurate ones. It is specially tuned to filter out random noise and false entries. It was developed by me specifically for use in an Expert Advisor trading robot.

How to use it? The simplest way: Add the indicator to the M30 chart of any currency pair. Look at the color of the bars: If a blue bar appears, you can consider buying. If a red bar appears, you can consider selling. Do not enter if: the market is flat (price moves back and forth), or the indicator has just given a signal in the opposite direction.

Built-in "smart" protection (filters) You don't adjust anything - everything is already built into the indicator code. The indicator automatically checks: Trend - whether the market is moving against you. Volatility - whether the movement is large enough to make a profit. Volume - whether traders are active right now. RSI - whether the market is overbought or oversold. Japanese yen - a built-in filter for yen pair quotes.

What the indicator does NOT do: It does not draw arrows (you evaluate the bars yourself). It does not give ready-made "buy" or "sell" commands - only colored hints. It does not work on timeframes lower than M30 (for example, on 5 minutes - there will be a lot of noise).

Simple entry advice: Wait for a blue bar to appear on the chart. Open a buy trade on the next candle. Place a stop loss behind the nearest local low. Close the trade when a red bar appears. For a sell trade, do the opposite.

How to tell if a signal is reliable? If simultaneously: The color of the new bar has changed, Price is not standing still, Volumes are above average, Trend is clearly in the same direction, then the probability of a successful trade is high.

Who is it for? Beginners - no need to adjust anything, it works "out of the box". Experienced traders - can be used as a filter for their own strategy. Those who are tired of false signals - the indicator is specially "tightened" so that signals are rarer but more accurate.

Important warning: No indicator gives 100% profitable signals. Skdon 2 is just an analysis tool. Always use a stop loss and never risk more than you are willing to lose!