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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The   Candle Power Pro   is a sophisticated trading tool designed to decode   real volume pressure, tick data imbalances, and institutional order flow dynamics   by measuring the   battle between bull ticks and bear ticks   in real time. This indicator transforms raw   volume data into actionable insights , helping traders identify   Smart Money movements, liquidity hunts, and hidden market psychology   behind each price candle. By analyzing   buyer/seller volume percentages, divergence pattern
Cyclic Impulse
Vitalyi Belyh
Indicators
Technical indicator that structures charts and identifies cyclical price movements. Can work on any charts. Several types of alerts. There are additional arrows on the chart itself. Without redrawing on history, works on closing a candle. Recommended TF from M5 and higher. Easy to use and configure parameters. When using 2 indicators with different parameters, you can use without other indicators. Has 2 input parameters Cyclicality and Signal duration These 2 parameters work with the processin
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Flexible Grid
Dmitriy Sheykin
5 (8)
Experts
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
Dmitriy Sheykin
Experts
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
1388
intan08 2021.11.12 08:38 
 

Excellent.

new1977
242
new1977 2020.05.13 03:57 
 

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