FRM Half Trend

3.5

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The system is a free open source pine script originally published on TradingView by everget . It was converted to Mt4 by Forex Robot Makers. This system is a  popular trend indicator based on ATR ( Average True Range ) , Moving Averages and the Donchian channel .

SYSTEM BACKGROUND

ATR : The average true range is an indicator of the price volatility of an asset. It is best used to determine how much an investment's price has been moving in the period being evaluated rather than an indication of a trend. Calculating an investment's ATR is relatively straightforward, only requiring you to use price data for the period you're investigating. ----- Investopedia
Moving Averages : A moving average (MA) is a stock indicator commonly used in technical analysis, used to help smooth out price data by creating a constantly updated average price. A rising moving average indicates that the security is in an uptrend, while a declining moving average indicates a downtrend. The exponential moving average is generally preferred to a simple moving average as it gives more weight to recent prices and shows a clearer response to new information and trends. ---- investopedia


HOW TO USE

  • The indicator is an Oscillator that creates an Upper and Lower ATR trailing channel along the path of the current trend line. The Upper and Lower ATR lines can be used as Take Profit and Stop Loss Points for trades. 
  • The system can be used on all time frames and symbols / pairs


INPUTs

  • Amplitude : This is the trend period , defines the length of trend to consider, lower amplitude means shorter trend period, gives more sensitive entries and more signals but might be less accurate than long amplitudes which are usually more stable.
  • Channel Deviation : Defines the upper and lower ATR channel zones

Reviews 3
Rich8989
1018
Rich8989 2024.01.08 03:29 

A good indicator. Thanks for sharing

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M & W Pattern Pro is an advanced scanner for M and W patters , it uses extra filters to ensure scanned patterns are profitable. The indicator can be used with all symbols and time frames. The indicator is a non repaint indicator with accurate statistics calculations. To use , simply scan the most profitable pair using the statistics dashboard accuracy , then enter trades on signal arrow and exit at the TP and SL levels. STATISTICS : Accuracy 1 : This is the percentage of the times price hits TP
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Noiros Tech
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Noiros Tech
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Channel Vertex Pro Mt5
Noiros Tech
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Channel Vertex is a price action pattern formed by price Chanel and a triangle pattern . Price channels basically indicates possible support and resistance zones around a price movement and retracement    or breakout at these levels can indicate possible trend continuation or reversal .  Majority of the times price fluctuations forms triangle patterns defined by 3 vertexes , these triangle patterns most times defines a trend continuation.  A triangle pattern is a trend continuation pattern that
Congestion Breakout Pro Mt5
Noiros Tech
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CONGESTION BREAKOUT PRO This indicator scans the breakout of congestion zones . This indicator unlike any other congestion indicator you will find in the market right now,  it uses an advanced algorithm not peculiar to most traditional congestion indicators available today . The advanced algorithm used to define the congestions  is greatly responsible for the high rate real congestion zones and low rate fake congestion zones spotted by this product. UNDERSTANDING CONGESTION Congestion are ar
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philippe germain
2956
philippe germain 2025.02.25 16:45 

It repaints!

Rich8989
1018
Rich8989 2024.01.08 03:29 

A good indicator. Thanks for sharing

Thippeswamaiah Jmath J M
158
Thippeswamaiah Jmath J M 2023.04.22 05:30 

fairly good

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