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The Trend is Your Friend

I have been studying the Forex market since the year 2004. Many professionals agree that the trend is your friend. This indicator calculates price and displays its trend. The indicator also has an extra feature to let you turn on/off the glowing effect on a chart. I usually place a buy order when the price is above the glowing green tube and sell when it is below the glowing pinkish red tube.


Settings

  • Email Alert: True/False (if true, the EA will send out an email alert)
  • Sound Alert: True/False (if true, the EA will pop up an alert on MT4 chart)
  • MAShift: 50
  • MAMethod: 1
  • AppliedPrice: 6
MAMethod Setting Options:
  • Enter secret code 0 for: Simple Averaging
  • Enter secret code 1 for: Exponential averaging
  • Enter secret code 2 for: Smoothed averaging
  • Enter secret code 3 for: Linear-weighted averaging

AppiedPrice Setting Options:
  • Enter secret code 0 for: Close price
  • Enter secret code 1 for: Open price
  • Enter secret code 2 for: The maximum price for the period
  • Enter secret code 3 for: The minimum price for the period
  • Enter secret code 4 for: Median price, (high + low)/2
  • Enter secret code 5 for: Typical price, (high + low + close)/3
  • Enter secret code 6 for: Weighted close price, (high + low + close + close)/4

The default setting works for EURUSD. You can adjust it to other currency pairs. I like the H1 timeframe chart.


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(Today price/2).   All signals. Smart trading system.  Popular indicators give two signals - BUY and SELL, and you have to choose and put Take Profit. Usually it works quickly and the trend goes in your favor, but the indicator is “silent” until the trend change. You miss most of the profit. The first idea of MaxiFinish : give a third signal - GET PROFIT (CLOSE) when the trend line changes the slope or the M15 and M30 stochastics have reached an extremum and the profit began to decline. If, o
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Version 10.777 2021.03.17
I updated a few variables for accuracy.
Version 7.771 2019.03.25
I modified the indicator to improve its accuracy on all Forex currency pairs.