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Trendy Stocks for MT4

Trendy Stock is a price following indicator that uses Stochastic to show when the price is out of the oversold or overbought areas. 

The algorithm allows you to stay longer in a trend where the bulls or bears are in control.

The indicator changes color immediately the price exits oversold/overbought state.

In short, the downtrend [red] bars start to paint when the buying pressure decreases while the uptrend [green] bars form as the buy pressure kicks in. 

For MT5 version, follow ::  https://www.mql5.com/en/market/product/68029

Important:  To get the full benefits of this indicator, use together with our newest TOP RATED indicators (OUTSIDE THE BOXHOT ZONES MT4) or (TREND GUARD MT4)

Advantages

  • Allows you to stay longer in a trend
  • Does not repaint closed bars.

  • Works with any timeframe

  • Not oversensitive to medium price fluctuations.

  • Works with any broker

How to use

  •  Buy when first Green bar closes. Re-enter the trend when price deeps and starts to retreat during the green state.
  •  Sell when first Red bar closes. Re-enter the trend when price deeps and starts to retreat during the red state.

Ideal for the following:

EURUSD

GBPUSD

USDCAD

USDCHF

GBPCHF

EURGBP

AUDUSD

CADCHF

NZDCHF

AUDNZD

AUDCAD

NZDCAD

EURNZD

GBPAUD

EURAUD

EURCAD

Other instruments where it works.

HEATING_OIL

GASOLINE

_TELCOM_IT

XRUSD

XLMUSD

MIOTASUSD


NOTE: The indicator works ONLY with the instruments whose quote is below 5 such as the ones that are listed above, otherwise, the indicator WILL NOT display.


Settings

  • K% Period. For Best results, use values between 25 - 100.
  • D% Period. Use values between 1 - 3
  • Slowing.  Use values between 1 - 3
  • Method.  Any works fine
  • Applied Price.  Any works fine

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Catherine Ndirangu
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Catherine Ndirangu 2021.10.02 12:31 
 

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Innovicient Limited
8935
Réponse du développeur ALFRED MURIITHI 2021.10.02 14:18
We are humbled to have contributed to your trading 🙏. We shall keep uploading more great tools.
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Version 1.1 2022.02.08
Minor improvements