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  • Reviews (5)
  • Comments (24)
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CatcherTrend

The Trend Catcher indicator consists of two parts - arrows and stop loss levels. Arrows are the main part of the indicator, they are used for opening deals. Stop Loss levels can be used as a filter to search for a signal or as a trailing of open positions.

The indicator does not repaint.

You can use the indicator to easily create an expert.

MT5 version of the indicator: https://www.mql5.com/en/market/product/29862


Trading recommendations

  • Buy, if Trend Catcher shows an up arrow.
  • Sell, if Trend Catcher shows a down arrow.
  • The indicator is very well suited for Renko charts.
  • The stop loss levels can be used instead of trailing stop.
  • Input parameters should be selected individually for each pair.
  • The indicator works best on trending pairs: GBPUSD, USDJPY, AUDUSD, etc.
  • Recommended timeframe: H1 and higher.
  • For notification about new signals you can use the parameters: UseAlert, UsePush and UseMail.


Input parameters

  • DrawingArrows – draw arrows, true/false
  • PeriodArrows – period of the arrows
  • PeriodFastMA – fast moving average period
  • ShiftFastMA – fast moving average shift
  • MethodFastMA – fast moving average method
  • PeriodSlowMA – slow moving average period
  • ShiftSlowMA – slow moving average shift
  • MethodSlowMA – slow moving average method
  • DrawingSLLevels – draw the stop loss levels, true/false
  • PeriodATR – period of the ATR indicator used for drawing the stop loss levels
  • MultiplierATR – ATR multiplier
  • UseAlert – if true, alerts are generated when an arrow appears
  • UsePush – if true, push notifications are sent when an arrow appears
  • UseMail – if true, emails are sent when an arrow appears

Parameters of the fast moving average and the slow moving average are used in the indicator to filter the arrows and directly affect their location on the chart.

Vitali Kadel
2407
Vitali Kadel 2017.02.10 23:23 
 

User didn't leave any comment to the rating

Rinor Memeti
3480
Rinor Memeti 2015.09.03 20:31 
 

good

trading8
28
trading8 2015.03.24 18:16 
 

Excelente indicador, y mucho mejor el soporte que brinda su creador, Gracias

Arhey
276
Arhey 2015.01.26 08:43 
 

Индикатор не изменяет своих сигналов. Настроек достаточно. Автор помогает. Ставлю 5.

Иван Чемадура
1007
Иван Чемадура 2015.01.24 09:00 
 

Полезный индикатор в арсенале трейдера!

Спасибо разработчику.

Version 6.0 2018.06.20
Fixed bug with displaying arrows on timeframes W1 and MN1.
Version 5.0 2018.06.08
The indicator settings have become more flexible; removed the visualization of the fast and slow MA; added Alerts, Push and Email notifications.
Version 4.0 2017.12.08
The speed of the indicator is increased.
Version 3.0 2015.01.29
Simplified use of the input parameters and fixed the bug of the levels' Stop Loss.
Version 2.0 2015.01.22
Added the ability to change the size of the arrows.