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Identify Trend

              The Identify Trend indicator, using fairly simple but robust filtering methods (based on the moving median – algorithm XM and more complex algorithms (XC, XF, XS, four types of non-lagging moving averages  SMAWL, EMAWL,  SSMAWL, LWMAWL) developed by the author, allows determined (1) the beginning of a true trend movement very precisely and, most importantly, with a small delay, and (2) identifying the flat. Such an indicator can be used for trading scalper strategies as well as using long-term trading strategies. The indicator operation algorithms are presented in detail in the last screenshot.

              Indicator readings are visual, extremely simple and do not require comments. The blue line of the indicator marks an uptrend, the golden line is flat, and the red line is the downward trend. Accordingly, entry points for Buy, when the red or gold line is replaced by blue, and for Sell - on the contrary, when the blue line or gold line is replaced by red. 

              Possible moments of the change in the direction of price movement are also indicated by arrows. 

              The indicator has all kinds of alerts. The alert is activated when the indicator indications (for the trend direction) coincide on the last two bars.

               Starting with version 2.0, restrictions are introduced on the trading of a freely distributed indicator - only the H4 timeframe can be used. To trade on all timeframes, use the Identify Trend PRO indicator  
 
 

 

Indicator settings.  

       
  • Price type  - applied price. Values: Close price, Open price (default), High price, Low price, Median price  ((high + low)/2), Typical price ((high + low + close)/3),    Weighted  price  ((high + low + 2*close)/4).
  • The averaging method   -   Values:  XC=XF - XS + SMMA (default), XF=<x/SMMA>*SMMA, XS=<x*SMMA>/SMMA, XM=<Max({x})+Min({x})>/2, SMAWL, EMAWL,  SSMAWL, LWMAWL.
  • The averaging period    -   averaging period. Values: any integer   (3 default).
  • The display method.  Values: Show only arrows (default), Show lines and arrows, Show only lines.
  • Line (arrows) thickness.  Values : a ny integer   (2 default).
  • Trend DOWN line color=Red 
  • Trend UP line color= Aqua 
  • FLAT line  color=Gold  
  • Trend DOWN arrow color=Magenta 
  • Trend UP arrow color=Lime 
  • The Signal method -  Type of trading signal alert. Values:  No, Send alert, Print (in expert), Comment (in chart), Sound + Print, Sound + Comment, Sound, Push + Comment, Push,  Mail + Comment, Mail.


Eva Lee
93
Eva Lee 2020.05.29 02:13 
 

Good indicator. thanks

Sergey Zhuravkov
1989
Sergey Zhuravkov 2019.09.18 14:13 
 

Интересная разработка)

Monireh Ali Shahi
207
Monireh Ali Shahi 2019.09.04 13:38 
 

good

Naser
135
Naser 2019.08.21 03:44 
 

User didn't leave any comment to the rating

Moien Masrour
116
Moien Masrour 2019.07.12 17:19 
 

it is great, with other signal trends can be useful.thanks for share it for free.

mehdigolestan19
32
mehdigolestan19 2019.07.03 14:05 
 

repaint indicator in back test

philippe germain
2071
philippe germain 2019.06.04 22:30 
 

I'll update it.

Good for daily timeframe.

If you use it on each currency and you have a good money management it' can help you in using hedging.

In fact you are using Hull moving average with 12 periods!

santa1567
75
santa1567 2019.05.07 20:08 
 

Great indicator

clarindan
29
clarindan 2019.04.09 02:50 
 

great indicator, thank you

sunnychow
8591
sunnychow 2019.03.10 14:49 
 

Thanks for share

Version 3.0 2019.11.16
1. Improved flat calculation algorithm, which is now considered for any averaging period.
2. Added arrows showing the moments of the change in the direction of the trend.
3. Three modes of visual display of information are made:
3.1) Only arrows showing the immediate direction of price movement and the moments of the trend change.
3.2) Averaged lines of price movement and arrows of the moments of a change in the direction of the trend.
3.3) Only the middle lines of price movement (as in the earlier version).
4. Four more algorithms for optimal filtering from market noise added (now there are 8 filtering algorithms in the indicator).
Version 2.0 2019.09.22
1. Added three new modes of operation with the following averaging algorithms
1) XC=XF - XS + SMMA
2) XF=<x/SMMA>*SMMA
3) XS=<x*SMMA>/SMMA,
where x are points of history, <...> is the averaging procedure.
2. Trading restrictions are set - only the H4 timeframe can be used.
Version 1.10 2019.05.12
Added push and mail alert types.