Diamond Trend
40 USD
Demo downloaded:
25
Published:
6 March 2022
Current version:
1.0
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Can you add alerts + plus arrows to indicator?
Thanks jabautista for your suggestion, indeed really good option but then would come the question about when... a change/alert in the bar color in the same direction only when the main overall trend is bullish or bearish, always when a bar color changes independently the main trend, limiting or not when the value is crossing the main trend?... Don't get me wrong, it would be easy to include it, but from Indicator perspective it would fit it to a very specific strategy which is not the aim of it (or overload the chart with many objects and alerts)... I mean, the idea of this indicator is to provide you a view on trends, changes, strength and weakness, and of course potential entry points but when you open a position is very related to your own strategy... (and always recommended to use another indicator/signal to confirm)
If you want to use it in your own EA, as a tip (which I realized I didn't include it in the description and will do asap) you can use the Data Window info with the values provided by the indicator, at least two key values...
Trend: If the actual overall trend is Bullish or Bearish (values would be 1 or -1, respectively)
Bar Trend: if the Bar is Bullish or Bearish into the trend (values would be 1 or -1, respectively)
Hope it helps you, otherwise, please feel free to provide me more details about any limitation you are facing to understand better your suggestion.
Look good in rainbow. even on ranging market.
Look good in rainbow. even on ranging market.
Very interesting interaction... thanks for sharing