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Trend Power

3.86

A very powerful tool that analyzes the direction and the strength of the 8 major currencies: EUR, GBP, AUD, NZD, CAD, CHF, JPY, USD – both in real time, and on historical data. The indicator generates a sound signal and a message when a trend changes. Never repaints signal.

The strength of the signal is calculated for all pairs which include these currencies (28 pairs total), can have value from 0 to 6 on a bullish trend, and from 0 to -6 on a bearish trend.

Thus, you will never miss a good movement. By placing the indicator on a chart of one currency pair, you will be monitoring the trend of all 28 instruments.


The Indicator Features:

  1. Very convenient window for displaying the current currency strength (real time). This window can be minimized and moved by the mouse to any location on the chart.
  2. The current direction of the currency pair trend can always be seen in the top right corner.
  3. It is possible to disable the signal on the currency pairs that you do not trade.
  4. Recognizes non-standard symbol names (with prefixes of suffixes).
  5. It sends emails and push-notifications to mobile devices.

You can test the functionality of the program by downloading the test version from the Comments tab


How to interpret the currency strength readings:

(here is an example of a currency strength for a bullish trend, for bearish - the value will be negative)

  • 0-2 – currency in a sideways movement (flat)
  • 3-4 – currency in a good trend movement, optimal for trading
  • 5-6 – very strong trend, possible correction

The greater the difference between the two currencies, the stronger the trend of the currency pair that includes these currencies.


Usage example:

  1. Signal of intersection of the strength lines of two currencies - a signal of trend change. It allows to take a large portion of the trend, but false entries are possible when the market is in a flat or when it has rapid price fluctuations. It is recommended to wait for the rollback for confirmation.
  2. By current readings of the strength, without using a signal (more reliable method). In the current strength window find the strongest currency (the greatest positive value of the trend strength) and the weakest currency (the greatest negative value of the trend strength). As a rule, the instrument including these currencies is in a very strong trend. It is necessary to wait for the correction to enter.

Please note!

The indicator signals should not be directly used for market entries!

As a rule, a strong trend will have already developed by the time a signal appears, therefore it is necessary to wait for the rollback and enter the market at the current or smaller timeframe based on the data from the other indicators, for example, the "Trend Monitor" indicator.


Parameters:

  • Counting bars – number of bars for history calculation
  • Symbol Prefix – the prefix for non-standard symbol name of the currency pair
  • Symbol Suffix – suffix
  • Color of UP-trend signal – arrow color of a bullish trend
  • Color of DOWN-trend signal – arrow color of a bearish trend
  • Size of Signal's Arrows (0 - disable) – size of the arrows, signaling the trend change (if =0 - not displayed)
  • Size of the Arrow of the trend's direction (0 - disable) – size of the trend direction arrow in the top right corner (if =0 - not displayed)
  • Color EUR, Color GBP, Color AUD, Color NZD, Color CAD, Color CHF, Color JPY,Color USD – colors of the strength lines of the 8 currencies in the indicator subwindow
  • ON/OFF – Sound when the signal – enable sound alerts
  • Sound of formation of the trend – trend change signal sound
  • ON/OFF - Alert / Mail / Push – messages in the terminal when a trend changes / E-mail / mobile devices

It is important to have complete historical data on 28 currency pairs, otherwise the indicator readings will be incorrect!

The indicator is able to download the historical data on its own. But it takes considerable time (up to 3 minutes, depending on the download speed). Therefore, to improve the indicator operation speed and to correctly display the data, it is recommended to run the free script «Download Quotes» before the first launch of the indicator, which automatically connects the instruments to the MarketWatch window of the terminal and downloads the historical data on 28 currency pairs for all timeframes.

This procedure needs to be done only once before the first launch of the indicator.

Comentarios 7
Fxpro Trader Technical
1051
Fxpro Trader Technical 2022.03.16 16:53 
 

I bought this indicator 5-6 years ago, and seller still updating and improved until today, very happy and please, superb and greatly appreciated. Thank you

Jerzy Zagorski
957
Jerzy Zagorski 2017.07.28 10:12 
 

Works well, good price

Aravind Kolanupaka
8495
Aravind Kolanupaka 2016.12.29 04:58 
 

Good indicator with currency cross over alerts.

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David Perk
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ICT, SMC, SMART MONEY CONCEPTS, SMART MONEY, Smart Money Concept, Support and Resistance, Trend Analysis, Price Action, Market Structure, Order Blocks, BOS/CHoCH,   Breaker Blocks ,  Momentum Shift,   Supply&Demand Zone/Order Blocks , Strong Imbalance, HH/LL/HL/LH,    Fair Value Gap, FVG,  Premium  &   Discount   Zones, Fibonacci Retracement, OTE, Buy Side Liquidity, Sell Side Liquidity, BSL/SSL Taken, Equal Highs & Lows, MTF Dashboard, Multiple Time Frame, BigBar, HTF OB, HTF Market Structure, 
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Parabolic SAR is one of the most popular indicators allowing you to determine in a timely manner the trend reversal, get an early entry point and accurately define the place of profit taking. Parabolic SAR is very efficient in case of a trendy market but often gives false signals during a flat. In order to sort such signals out, it is possible to use the same indicator on higher timeframes. This eliminates the main drawback of the indicator during a flat, while retaining its advantage of early e
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Market Calculator is a powerful tool that allows you to easily and quickly calculate the main parameters of a trade: Lot size, StopLoss and TakeProfit, as well as estimate the amount of funds (required Margin) to open a position. The program has a very convenient and intuitive control, because implemented in OS Windows style. There are many interesting and handy features - just watch the video: youtu.be/FG2qqTJTIhE All program data are sorted into sections in the form of tabs: " Lot Calculator "
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The "Spread Monitor" indicator allows you to analyze the spread change during the day, control the expansion of the spread by your broker and has a number of interesting additional features Choosing a broker with a minimum spread value is very important for the work of night advisors, scalping and intraday trading. However, the MT4 terminal does not store spread data, so the multifunctional "Spread Monitor" indicator will be useful for any intraday trader. Features: The indicator shows the cu
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Pavel Zamoshnikov
3.67 (3)
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Filtro:
271811
123
271811 2023.03.21 04:37 
 

DONT WASTE YOUR Money!! Does NOT work well when revealing trend strength and the signals are GARBAGE!!! I wasted $30 on this., I believe these 5 star reviews with no comment are fake! Don't believe me then go ahead and purchase and see for yourself!

That long conversation that this guy speaking in no way helps me trade ACCURATELY! The signals trend are way off!! you will waste your $30. trust me I did...

...I have been trading for 5 years and I know how to trade forex...Folks a $30 indicator will not help you trade forex.. Wait until you purchase this indicator that says a STRONG TREND is in place...and when you go to the chart the market is ranging!! SOME STRONG TREND HUH!! There is NO accuracy with this,,, check out TIM EUBANKS review below, he is telling the truth...YOU HAVE BEEN WARNED!

Pavel Zamoshnikov
337814
Respuesta del desarrollador Pavel Zamoshnikov 2023.03.22 11:35
I don't know why you have such a reaction. We had a long correspondence and I showed you how you can make money using this indicator, using your instrument and timeframe as an example. If you are unable to trade profitably, maybe the indicator is not to blame for this, but someone else?
According to your logic, why did you buy an indicator for $30 if you think that a good product cannot be cheap? But I don't want to waste time swearing at you. You have the right to write whatever you want. But I know for sure that I did not fake any reviews, but I'm not going to convince you of this. By the way, fake reviews are punishable by a ban on this service, if you didn't know...
In addition, the use of multiple accounts is also prohibited on this site. You write negative reviews here under anonymous numbers, and write to me in private under your real name
Fxpro Trader Technical
1051
Fxpro Trader Technical 2022.03.16 16:53 
 

I bought this indicator 5-6 years ago, and seller still updating and improved until today, very happy and please, superb and greatly appreciated. Thank you

Pavel Zamoshnikov
337814
Respuesta del desarrollador Pavel Zamoshnikov 2022.03.16 20:51
Thank you!
Tim Eubanks
5693
Tim Eubanks 2018.02.23 08:40 
 

This indicator uses too much cpu, and the signals are not so good.

Shumin Huang
220
Shumin Huang 2018.01.14 10:37 
 

El usuario no ha dejado ningún comentario para su valoración

Ilya Krasheninnikov
353
Ilya Krasheninnikov 2017.10.11 14:27 
 

El usuario no ha dejado ningún comentario para su valoración

Jerzy Zagorski
957
Jerzy Zagorski 2017.07.28 10:12 
 

Works well, good price

Aravind Kolanupaka
8495
Aravind Kolanupaka 2016.12.29 04:58 
 

Good indicator with currency cross over alerts.

Respuesta al comentario
Versión 1.731 2021.11.17
Fixed a bug that left the graphical panel if the indicator is loaded using a template.
Versión 1.721 2017.03.29
Updated to the new terminal build
Versión 1.72 2016.05.18
Fixed an unfortunate typo, which caused no signals to be available in real-time.
Versión 1.71 2016.03.21
1. Updated calculation algorithm. The indicator now shows trend more stably, it does not react to minor movements.

2. new input "Signal Threshold" - difference in the strength of currencies, reaching which the indicator will produce a signal. This parameters sets indicator sensitivity to trend changes:
=1 - high sensitivity, early signal, more false signals during flat;
=2 - optimal sensitivity for the most of TFs;
=3 - low sensitivity, minimum of false signals, can be lagging (good for M1).

3. The indicator determines trend: if difference in currency strengths is below "Signal Threshold" - the current instrument is in flat.

4. The indicator shows the market state for the current instrument (trend/flat) using colored bars at the top of the subwindow.
Versión 1.51 2016.03.01
Fixed a bug that prevented the indicator from calculating the history further than 2 000 bars.
Now, the maximum number of bars for the calculation is 10 000.

Please note!
As the indicator processes 28 currency pairs simultaneously, during the calculation of a significant number of bars the indicator may freeze for 1-3 seconds to initialize.