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The RTrends indicator does two things: first, it automatically draws the layout of the price chart by plotting trend lines and, secondly, it produces bearish and bullish signals.

The layout reflects the fractal nature of the market. Trends from different time horizons are applied simultaneously on the chart. Thus, from a single chart a trader can see trend lines of higher timeframes. The lines, depending on the horizon, differ in color and width: the older the horizon, the thicker the line is.

To simplify the indicator setup, only 4 colors are used. They can be set in the parameters of the indicator. Three smaller displayed horizons have individual colors, the fourth and subsequent ones are of the same color. This is due to the fact that the higher lines are rare. For example, on a minute chart for almost 14 years the indicator marks only about 10 horizons. Line marking (visible when you hover over the line) contains additional information. For example, the name Sup7_1 means support line relating to the horizon with a nominal number 7 and having number 1 on this horizon (numbered from zero). Similarly, the name Res5_0 means resistance line number 0 of horizon 5.

Indicator signals are divided into bullish and bearish, their main advantage is that the signals are very early. The reverse side of this is the large number of "false" signals. Thus, they require additional filtering. So it is better to treat them as signals of a moment to make a decision (to enter or not), not as direct signals to open a position. A signal is accompanied by a popup window with additional information. These moments are marked as arrows on the chart. They can also be read from the indicator buffer. The value +1 corresponds to the bullish signal, -1 - bearish, 0 means no signal.

The indicator has the following parameters:

  • DrawFrom specifies the number of the horizon at which displaying of trends begins (i.e. the number of the smaller horizon).
  • SgnRank sets the rank of signals.
  • ShowAlert allows to enable/disable the popup window.   
  • Color1 sets the color of the lines of the smallest displayed horizon.
  • Color2 and Color3 set the color of the lines of next two horizons.
  • Color4 sets the line color of the fourth and all subsequent horizons.
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Trade Indicators LLC
Our most popular indicator in our fleet of indicators. The POWR Trend Trader is the highest grossing manual strategy for trading on the market today. This indicator is upgraded with more Profit Points and also introduces Re-Entry alerts. The POWR Trend Trader (PTT) is our premier indicator! What this indicator can do for your profits is staggering! HOW TO USE The POWR Trend Trader has a Master Trend Meter at the bottom of the chart. We actually re-coded the main indicator that turns your candle
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Automated Trendlines
Georgios Kalomoiropoulos
Trendlines  are the most essential tool of technical analysis in forex trading.  Unfortunately, most  traders don’t draw them correctly. Automated Trendlines indicator is a professional tool for serious traders that help you visualize the trending movement of the markets . There are two types of Trendlines Bullish Trendlines and Bearish Trendlines. In the uptrend, Forex trend line is drawn through the lowest swing-points of the price move. Connecting at least two "lowest lows" will create a
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Daishon Cotman
GOLDEN CHIP TUTORIAL LINK BELOW! https://youtu.be/R69zucG3EnY Golden Chip provides Basic Market Structure, Fibonacci, supply and Demand Zones. Letting you identify when a sell off point is approaching or when a buy opportunity is arriving. The awesome thing about Golden Chip is that, you will see rejection levels or continuation before ANYBODY ! This indicator moves directly with price and lines up perfectly with the Chart. Some indicators would lag but NOT this one ! Golden Chip is amazing f
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Royal Wave XPro MT4
Mostafa Tarakameh
Royal Wave is a Trend-Power oscillator which has been programmed to locate and signal low-risk entry and exit zones. Its core algorithm statistically analyzes the market and generates trading signals for overbought, oversold and low volatile areas. By using a well-designed alerting system, this indicator makes it super easier to make proper decisions regarding where to enter and where to exit trades.   Features Trend-Power  Algorithm Low-risk Entry Zones and Exit Zones Predictions for Overboug
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PipFinite Reversal PRO
Karlo Wilson Vendiola
The Controversial 5-Step System That Professional Traders Use To Unlock Trading Success! Reversal Pro effectively combines price action, ideal location and reliable statistics in one smart algorithm. Understanding the market in this unique perspective allows you to recognize reversals professionally. Discover The Secret Of Professional Traders Get instant access ► www.mql5.com/en/blogs/post/716077 Copy & Paste what professional traders are doing right now! How To Trade Step 1: Trade Setu
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