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Trade with the Trend

FREE

Published: 25 November 2022

Current version: 1.1

Trade with the Trend

Name: Trade with the Trend
Rating: 5 (1 reviews)
Author: Amos Tsopotsa

Indicators
Amos Tsopotsa
Amos Tsopotsa
Chairman at Africa Digital Foundation

South Africa

12827
4.7 (14)
Chief investment officer at APRM Capital Holdings ,I am a full time stock market trader and cider for MQL4 and MQL5

7 products 21 topics 173 comments
Version: 1.1

This Indicator has been developed to help you as a trader to identify the direction of the market, IN trading we have Three types of movements an UPTREND,DOWNTREND and SIDEWAYS, The side ways market move is where most traders get trapped, as the price is consolidating ,this simply means there is no direction ,To the scalpers this can be an advantage to them ONLY if they know how to identify when assets classes are in this period.

An attempt to develop how to identify trends is what this indicator is all about, stick to when price is above the green dots and take a buy trade after 2 consecutive dots have happened ,or when price is below the red dots we focus on sell positions.

What i have done in this indicator is to avoid when markets are in ranges ,when the price is not below the red dots don't sell when price is not above the green dot don't buy.

For most of my entries i wait for the price to be above the dots then on the second consecutive candle i take the direction of where the trend is going.

more...

649

phuongcei 2024.09.12 06:27 #

Thanks Amos Tsopotsa for the free great product. I will try and feedback :)

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phuongcei 2024.09.12 06:27 #

Thanks Amos Tsopotsa for the free great product. I will try and feedback :)