The Trend Catcher indicator consists of two parts - arrows and stop loss levels. Arrows - the main part of the indicator, it is for them to open a deal. Stop Loss levels can be used as a filter to search for a signal or as a trailing.
The indicator is not redrawn.
You can easily write some EA using the indicator.
MT4 version of the indicator: https://www.mql5.com/en/market/product/7634
Recommendations for Trading
Buy, if Trend Catcher shows the up arrow. Sell, if Trend...
LordOfTrends is a simple and effective indicator, which is based on the formula of a moving average. The main purpose of this indicator development is to reduce the price lag and to generate timely buy and sell signals.
Period — the number of candlesticks used for indicator calculation. Width of arrows — the width of buy and sell arrows (1 and more) Up arrow color — the color of buy arrows Down arrow color — the color of sell arrows Color extremes —...
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
Buy, if Trend Catcher shows an up...
Simple Moving Average Channel (SMAC) is an indicator based on the Simple Moving Average (SMA) and the Average True Range (ATR). Thus SMAC forms a channel consisting of two lines of SMA. The top line is displayed in blue and the lower one is red.
Trading on the indicator takes place at the break of the channel:
Enter a Buy trade when the price reaches the blue line of the indicator Enter a Sell trade when the price reaches the red line of the indicator