Market / MetaTrader 4 / Indicators /

Trendometer

Demo downloaded: 1 345

Published: 28 May 2014

Current version: 1.64

Trendometer

Indicators
Rasoul Mojtahedzadeh
Rasoul Mojtahedzadeh
Sweden

16565
4.5 (16)
13 products 3 codes 9 topics 112 comments
Version: 1.64
Updated: 3 April 2020
Activations: 5

Identifying the trend of the market is an essential task of traders. Trendometer implements an advanced algorithm to visualize the trend of the market. The major focus of this indicator is to evaluate the market in the lower time frames (i.e., M1, M5 and M15) for the scalping purposes. If you are a scalper looking for a reliable indicator to improve your trade quality, Trendometer is for you. The indicator runs on a separate window showing a histogram of red and green bars. A two consecutive green (red) bars is a good sign to enter the market in Long (Short) direction. The number of consecutive bars with the same color is a measure of the power of the trend. In the absence of one or more bars, the interpretation of the indicator is that the market price is ranging (i.e., consolidation).

User Defined BUY/SELL Signal Patterns:

The user can specify infinitely many BUY/SELL signal patterns to be shown by the Trendometer indicator. A notification (in the alarm window) will be generated as soon as a pattern is recognized by the indicator. In the input setting there are two string variables: Buy Signal Pattern and Sell Signal Pattern. A space character between patterns separates them from each other. The characters 'g', 'r' and 'x' stand for a green, red and no bar of the Trendometer indicator. For example, if we would like to have a notification after two consecutive green bar followed by either a red bar or no bar, we need to set Sell Signal Pattern ="rgg xgg".

Features:

Generates reliable BUY/SELL scalping signals.
Continuously follows the trend of the market price change.
Filters out the noise in the candlesticks to identify the true trend.
User can define infinitely many BUY/SELL signal patterns to be notified by the indicator.
Works with 4 and 5 digits brokers.

Signals:

Open a LONG (BUY) position when two consecutive green bars are formed after the end of a consolidation or the end of a down-trend.
Open a SHORT (SELL) position when two consecutive red bars are formed after the end of a consolidation or the end of an up-trend.

Input Parameters:

Trend Period: A positive integer number that indicates the period over which the trend will be estimated.
Min Number of Group Bars: A positive integer number that indicates the minimum number of bars to be used in a group by the trend filter.
Max Number of Group Bars: A positive integer number that indicates the maximum number of bars to be used in a group by the trend filter.
Show Signal Alarm?: If Yes, the indicator will notify the user as a BUY/SELL signal pattern matches by means of the alert window.
Draw Signal Arrow?: If Yes, the indicator will draw UP/DOWN arrows on the bar chart as a BUY/SELL signal pattern matches.
Buy Signal Pattern: A string of user defined BUY signal patterns (see above to find out how to define a pattern).
Sell Signal Pattern: A string of user defined SELL signal patterns (see above to find out how to define a pattern).
Sell Color: The color of sell arrow.
Buy Color: The color of buy arrow.

more...

197

Serhat Kanar 2015.08.09 21:24 #

realy a good indicator. its just top for that price its 80% accurate!

815

Robert Edison 2014.06.18 00:23 #

Great indicator. Shows precisely when the market is not trending and when the market is showing signs of waking up. I've combined it with the T3MA indicator for even better entries.

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RFX Forex Strength Meter is a powerful tool to trade 8 major currencies in the Forex market, U.S. Dollar ( USD ) European Euro ( EUR ) British Pound ( GBP ) Swiss Franc ( CHF ) Japanese Yen ( JPY ) Australian Dollar ( AUD ) Canadian Dollar ( CAD ) New Zealand Dollar ( NZD ) The indicator calculates the strength of each major currency using a unique and accurate formula starting at the beginning of each trading day of your broker. Any trading strategy in the Forex market can be greatly improved b

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RFX Market Speed is an indicator designed to measure a new dimension of the market which has been hidden from the most traders. The indicator measures the speed of the market in terms of points per second and shows the measurements graphically on the chart, and saves the maximum bullish and bearish speeds per each bar. This indicator is specially designed to help the scalpers of any market with their decisions about the short bias of the market. Note: The indicator uses real-ticks and CANNOT be

25 USD

Note: This indicator cannot be tested in the strategy tester. Please download the free demo version from https://www.mql5.com/en/market/product/48627 RFX Delta Volume is an indicator to show bullish and bearish volumes separately for each trading candle. The indicator uses history data of one minute (M1) to estimate the true bullish and bearish volumes in a sub-window. There are two modes of operations for this indicator. In mode "Delta Volume", the indicator shows the difference in bullish a

25 USD

The RFX Forecast Bands indicator calculates the three significant confidence levels, 99%, 95% and 68% of price movement for a configurable number of bars in the future. The essence of calculations is based on statistical analysis of the asset's recent price changes. These levels can be used for many different purposes in trading systems. For example, one can use them for setting the target profit and stop loss levels effectively. The extreme upper and lower bands represent 99% confidence level,

25 USD

RFX Market Speed is an indicator designed to measure a new dimension of the market which has been hidden from the most traders. The indicator measures the speed of the market in terms of points per seconds and shows the measurement graphically on the chart, and saves the maximum bullish and bearish speeds per each bar. This indicator is specially designed to help the scalpers of any market with their decisions about the short bias of the market. The indicator uses real-ticks and cannot be fully

25 USD

Profitable Statistical Arbitrage and M ean Reversion Algorithm This Expert Advisor implements the well-established Pairs Trading algorithm — a classic quantitative trading strategy based on statistical arbitrage and mean reversion . The EA identifies the optimal hedge ratio between two correlated trading symbols to construct a synthetic stationary spread . It continuously monitors the deviation of this spread from its mean value and opens synthetic BUY/SELL baskets when the spread

500 USD

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197

Serhat Kanar 2015.08.09 21:24 #

realy a good indicator. its just top for that price its 80% accurate!

815

Robert Edison 2014.06.18 00:23 #

Great indicator. Shows precisely when the market is not trending and when the market is showing signs of waking up. I've combined it with the T3MA indicator for even better entries.

1202

tradesafenow 2014.05.29 13:18 #

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Trendometer

Rasoul Mojtahedzadeh