KPL Chart Uptrend Downtrend

5

This is a very simple indicator and easy to use for everyone. However, it's very visual, useful and effective. It is suitable for every Forex symbol and any timeframe. But from my testing and investigation, I do not recommend to use it with timeframes M1, M5, M15. 

Setting.

- Choose alert On/Off ( default ON).

- Select time ( seconds) between 2 alerts . Default is 30 seconds 

How it works?

  • Uptrend—When color of the bar is Green.
  • Downtrend—When color of the bar is Orange.
  • A reversal happens if color of the bar changed. 

Recommendations on usage

  • Buy in the Uptrend and the high of the bar are approximately the same ( Green Color).
  • Sell in the Downtrend and the high of the bar are approximately the same ( Orange Color).
  • Avoid entering the market when a reversal have just happened, consider 2 or 3 bar continuous.

You can also change the color of bar in Uptrend and Downtrend if you want.

Perfect if it combine with KPL Swing Indicator

KPL Swing Indicator

 

 

 


Reviews 1
Findolin
2360
Findolin 2023.10.02 11:07 
 

Sehr gute Idee, aber leider kommen die Kezenfarben nicht, wenn ich den Indikator auf den Chart ziehe. -:(

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Trend Screener Indicator --Professional Trend Trading & Market Scanning System for MetaTrader Unlock the true power of trend trading with Trend Screener Indicator — a complete multi-currency, multi-timeframe trend analysis solution powered by Fuzzy Logic,Trend Pulse Technology  and advanced market structure algorithms.   Trend Screener transforms your MetaTrader platform into a professional-grade Trend Analyzer and Market Scanner, helping you identify high-probability trend opportunities, early
Meridian Pro
Ottaviano De Cicco
5 (2)
Indicators
Meridian Pro 2.00: Professional Multi-Timeframe Trend Matrix for MT5 Meridian Pro 2.00 is a professional adaptive trend matrix for MetaTrader 5. It combines the original Meridian trend engine, a clean chart ribbon, closed-bar signal arrows, an 8-timeframe dashboard, Fuel momentum, weighted consensus, synthetic HTF processing and chart-native higher-timeframe context lines. The goal is simple: read current trend, multi-timeframe structure, strength, momentum and EA-ready state from one discipline
FX Levels MT5
Daniel Stein
5 (14)
Indicators
FX Levels: Exceptionally Accurate Support & Resistance for All Markets Quick Overview Looking for a reliable way to pinpoint support and resistance levels across any market—currencies, indices, stocks, or commodities? FX Levels merges our traditional “Lighthouse” method with a forward-thinking dynamic approach, offering near-universal accuracy. By drawing from real-world broker experience and automated daily plus real-time updates, FX Levels helps you identify reversal points, set profit targe
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KPL Swing Indicator
Hoa Hoang Van
4 (2)
Indicators
The KPL Swing indicator is a simple trend following mechanical trading system which automates the entry and exit. The system works with a hard stoploss and a trailing stoploss for exit with profitable trades. No targets are given as no one knows how high (or low) a Price can move. A trailing stoploss locks in the gains and removes emotions from trading. Convert from indicator Amibroker with modified Perfect if combining with KPL Chart Uptrend & Downtrend
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Findolin
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Findolin 2023.10.02 11:07 
 

Sehr gute Idee, aber leider kommen die Kezenfarben nicht, wenn ich den Indikator auf den Chart ziehe. -:(

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