Trend Direction UD Indicator
Trend Direction UD is part of a series of indicators used to characterize market conditions.
Almost any strategy only works under certain market conditions.
Therefore it is important to be able to characterize market conditions at any time: trend direction, trend strength, volatility, etc..
Trend Direction UD is an indicator to be used to characterize trend direction:
- trending up
- trending down
Trend Direction UD is based on technical analysis.
Trend Direction UD displays easy to read information about trend direction.
Indicator has only 1 input parameters:
- MaxBars: number of bars to be calculated and displayed
Indicator is ready to be used directly in your chart without any optimization.
It is sometimes difficult to say if market is up or down. And it is very important to be able to filter signals and go with the trend.
Trend Direction UD gives you a clear and very effective tool to go with the trend. No more guess. No more headache.
Trend Direction UD is used by many successful trading systems. Among them:
- Fx Pro Trend A: https://www.mql5.com/en/market/product/19569
- Fx Pro Trend B: https://www.mql5.com/en/market/product/19692
- Fx Pro Trend C: https://www.mql5.com/en/market/product/19996
If you are looking for an indicator to filter signals and go with the trend then Trend Direction UD indicator would suite very well.
Trend Direction UD indicator can be used with any class of assets: Forex, Equities, Commodities, Futures, Options, Binary Options.
Trend Direction UD can used with any timeframe.