Meta Trend MT4
Meta Trend Indicator is the most efficient way to forecast and detect the trend in any market. It reveals the trend, support and resistance levels, volatility and the maximum potential target, all in one indicator. To adapt to the price and to decrease consecutive trend failures, the internal trend detector algorithm studies the market and dynamically chooses the right values for the internal parameters. This indicator is a perfect trend filter for any strategy or expert advisor.
- Super Adaptive Trend Detector Algorithm
- Low Consecutive Trend Failure (Very important for money management)
- True Price Channel (Trend and Target lines)
- Sound Alerts, Push Notifications, Screen Flasher …
- Never Repaints
The maximum size of the window (maximum number of bars) which MetaTrend uses to calculate the trend.
A percentage value (0 to 100) which defines how fast the indicator detects reversal points.
This input is zero by default and will be set automatically based on the first input. STD Period and Period inputs are the key inputs that can be optimized for Expert Advisors.
A percentage value (-100 to 100) which tell the indicator how dynamic it can response to the market volatility.
Lock inputs on timeframe
Lower timeframes have more details but they are noisier. To get the advantage of details and avoid noises, use the indicator on low timeframes but lock the inputs on a higher timeframe. Locking on a higher timeframe makes MetaTrend recalculates the inputs in such a way to generate almost the same trend shape like the one from the higher timeframe. This way trend reversals can be detected with lower lags.
Shows the target lines and creates a channel around the price. A target line is a forecast for the next potential price that the market will hit in its next move.
Alert Trend Change
Enable this to get alerted when the trend changes.
Alert Price Crossover
Enable this to get alerted when the price crosses the trend line.
Generates a sound on trend change or price crossover.
For traders who use multiple charts on multiple screens, enable this input to get visual alerts.
To get notification on your smart phone enable this input
Get alerted using your email.
Get alerted using the MetaTrader popup alert window.
Alert Message Title
You can use multiple MetaTrend for different purposes. For example, use one MetaTrend for getting overall trend and another one for Buy/Sell signals. To distinguish them use Alert Message Title to add a title to the alert message.
"The trend is your friend" is one of the best known sayings in investing, because capturing large trendy price movements can be extremely profitable. However, trading with the trend is often easier said than done, because many indicators are based on price reversals not trends. These aren't very effective at identifying trendy periods, or predicting whether trends will continue. We developed the Trendiness Index to help address this problem by indicating the strength and direction of price trend
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2. Trend detection algorithm has been improved