Follow Trend MT4

5
The indicator is based on the analysis of the volatility of a trading instrument.

The indicator does not repaint (except for the last candle).

On the chart it looks like 2 lines (estimated support / resistance levels) and displays arrows when a trend changes.

It can be used on any timeframe, but best of all, the indicator shows itself on timeframes from H1 and higher.

Extremely easy to set up and use.

Input parameters:

Sensivity - indicator sensitivity. The lower the value, the faster the indicator responds to a trend change (but at the same time there are more false signals). The optimal interval is 0.8-1.5.

Wait confirmation - wait or not wait for confirmation of a signal about a trend change. If true, the signal appears 1 candle later, but this eliminates false breakouts.

Arrow distance - position of the signal arrow relative to the trend line (may be negative).



Indicator Use Options

Entry points
  • the appearance of the arrow (on a closed candle)
  • retest of the trend line (on a closed candle) without changing the direction of the trend. it is advisable to enter this signal for a maximum of 30-40 candles after changing the direction of the trend. Such inputs are often the best.
Exit points
  • the appearance of an arrow in the opposite direction (on a closed candle)
  • if the entrance was during a retest of the trend line, an exit / partial closure is possible at the level of the local extremum formed after the trend change
Also, indicator lines can be used as trailing stop levels (at a certain distance from the lines).


Reviews 2
intan08
1388
intan08 2021.11.12 08:38 
 

Excellent.

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Binary Volume Edge – Martingale Stats  Indicator for binary options with live pre-signals and full martingale stats Binary Volume Edge – Martingale Stats is a professional tool that combines powerful signal filtering, smart martingale analysis, and a unique early warning system. No magic – just clear rules and verifiable stats. What do you get? 1. Signals you can trust Absolute absence of redrawing – arrows appear only on closed candles and never change again. Preliminary signals on t
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MT5 version here The Flexible Grid EA uses the RSI indicator to enter the trade. To enter BUY, the RSI must cross the bottom up the value specified in the EA parameters (for the sales, on the contrary, cross from top to bottom). In case of a successful entry, the transaction closes either according to Take Profit, or Trailing Stop is used. If the market goes in opposite direction, the order grid opens at a specified distance from the average price of the grid. Also, newly opened orders can b
Flexible Grid MT5
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MT4 version here The   Flexible Grid   EA uses the RSI indicator to enter the trade. To enter BUY, the RSI must cross the bottom up the value specified in the EA parameters (for the sales, on the contrary, cross from top to bottom). In case of a successful entry, the transaction closes either according to Take Profit, or Trailing Stop is used. If the market goes in opposite direction, the order grid opens at a specified distance from the average price of the grid. Also, newly opened orders ca
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intan08
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intan08 2021.11.12 08:38 
 

Excellent.

new1977
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new1977 2020.05.13 03:57 
 

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