Trendicator

Functions

  1. Analyzes the current market trend

  2. Displays a numbering system based on trend structure (see below)

  3. Colors the chart background depending on trend direction

  4. Displays the ZigZag indicator

  5. Display Fibonacci Retracement with custom defined levels at the lates corrective trend movement

  6. Display Fibonacci Expansions with custom defined levels at the latest progressive trend movement

  7. Buffers for all relevant Trend parameters so EAs can access the trend information



Background Information

The Trendicator analyzes and visualizes the current market trend.
It is based on Dow Theory and the concepts described in the German book “Das Große Buch der Markttechnik.”

A trend is defined by the following structure:

  • Uptrend: Higher highs and higher lows

  • Downtrend: Lower lows and lower highs

A numbering system is implemented:

  1. Starting point of a trend (Low for uptrend, High for downtrend)

  2. Highs (uptrend) or Lows (downtrend)

  3. Lows (uptrend) or Highs (downtrend)

Unconfirmed points are marked with a ? .

A valid trend requires at least four points (two highs and two lows).
If price breaks the last P3 level, the trend is considered broken.
A new trend in the opposite direction also ends the current trend.

The indicator provides a quick and intuitive overview of the current market situation and key price levels.


Settings

  1. ZigZag Parameters / Buffer settings (Length, Deviation, Backstep):
    Directly forwarded to the standard ZigZag indicator.
    These adjust how highs and lows are detected. The average trend strength can also be selected. A moving average is calculated for the last x trends, how many confirmed P2s they had.

  2. Display Settings:

    • Define the colors for ZigZag lines, numbering, and background shading

    • Font size for numbering

    • Toggle display of ZigZag, numbers, and background

    • Toggle diyplay of Fibonacci Retracement / Expansion

    • Custom Levels for Fibonacci Retracement / Expansion (separate levels by ";" for example "0;38;50;68;100")

    • Color and line width selection for Fibonacci tools


  3. Performance:

    • Number of extreme points to analyze

    • A higher number gives a longer trend history but may increase loading time when switching symbols or timeframes


Buffers

Moste buffers are only calculated / updated for the current trend for performance reasons. 11 Buffers are used:

0) Zig Zag: just copied and displayed from the ZigZag Indicator.

1) Trend Direction: Can have the values 1 (Uptrend), 0 (No trend), -1 (Downtrend). Its the same then the colored background of the chart.

2) Retracement: Calculates the retracement value (comparable to Fibonacci Retracement Object) of the current move (1 = Broken Trend, 0 = Trend Continuation). Resets after Trend Break or Trend Continuation. It is based on candle highs (down trend) and candle lows (up trend).

3) Expansion: Calculates the expansion value (comparable to Fibonacci Expansion Object) of the current move. Resets after beginning of trend correction. It is based on candle hights (down trend) and candle lows (up trend).

4) Confirmed P2 Count: Resets at the start of each trend, counts the number of confirmed P2 (not 2?).

5) Open P2 Count: Counts the unconfirmed P2 (2?) of the current Trend.

6) Next Open P2: Holds the value of the next unconfirmed P2 (2?) seen from the current price (next trend continuation).

7) Last Open P2: Holds the furthest away unconfirmed P2 (2?) point from the current trend. If Buffer 5 == 1 (only one unconfirmed P2) then Buffer 6 and Buffer 7 (Next ans Last Open P2) are the same.

8) Open P3: Holds the value of the last unconfirmed P3 (3?).

9) Confirmed P3: Holds the value of the last confirmed P3 (3)

10) Average Trend Strength: For each Trend the ammount of continuations (confirmed P2) are calculated. The Buffer averages the value over the last x (definied in settings) trends.


Development Status & Upcoming Features

This product is currently under development!
The core functionality for trend analysis and visualization is complete and available in this version. It is a fully working initial release and will be continuously improved.
Three major updates are planned for the future. The long therm goal is to also update a UI to make it a Multi-Timeframe tool to analyze multiple trend sizes of a symbol at once.


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Bill Williams Advanced is designed for automatic chart analysis using Bill Williams' "Profitunity" system. The indicator analyzes four timeframes at once. Manual (Be sure to read before purchasing) Advantages 1. Analyzes the chart using Bill Williams' "Profitunity" system. Signals are displayed in a table in the corner of the screen and on the price chart. 2. Finds all known AO and AC signals, as well as zone signals. Equipped with a trend filter based on the Alligator. 3. Finds "Divergence Bar
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Bogdan Ion Puscasu
4.74 (53)
Presentazione       Quantum Trend Sniper Indicator   , l'innovativo indicatore MQL5 che sta trasformando il modo in cui identifichi e scambi le inversioni di tendenza! Sviluppato da un team di trader esperti con un'esperienza di trading di oltre 13 anni,       Indicatore Quantum Trend Sniper       è progettato per spingere il tuo viaggio di trading verso nuove vette con il suo modo innovativo di identificare le inversioni di tendenza con una precisione estremamente elevata. *** Acquista Quantum
TPSproTREND PrO MT5
Roman Podpora
4.74 (19)
TPSproTrend PRO identifica il momento in cui il mercato cambia effettivamente direzione e forma un punto di ingresso all'inizio del movimento. Si entra nel mercato quando il prezzo sta appena iniziando a muoversi, e non dopo che il movimento si è già verificato.   Indicatore       Non ridisegna i segnali e visualizza automaticamente i punti di ingresso, lo Stop Loss e il Take Profit, rendendo il trading chiaro, visivo e strutturato. ISTRUZIONI RUS   -   VERSIONE MT4 Vantaggi principali Segnali
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Muhammad Elbermawi
5 (7)
L'indicatore Berma Bands (BBs) è uno strumento prezioso per i trader che cercano di identificare e capitalizzare i trend di mercato. Analizzando la relazione tra il prezzo e le BBs, i trader possono discernere se un mercato è in una fase di trend o di range. Visita il [ Berma Home Blog ] per saperne di più. Le Berma Bands sono composte da tre linee distinte: la Upper Berma Band, la Middle Berma Band e la Lower Berma Band. Queste linee sono tracciate attorno al prezzo, creando una rappresentazion
FootprintOrderflow
Jingfeng Luo
5 (3)
FOOTPRINTORDERFLOW: The Authoritative Guide ( This indicator is also compatible with economic providers that do not offer DOM data and BID/ASK data, It also supports various foreign exchange transactions ) 1. Overview FOOTPRINTORDERFLOW  is an advanced Order Flow analysis tool designed for MetaTrader 5 (MT5). Unlike traditional candlestick charts that only show OHLC (Open, High, Low, Close), this indicator parses real-time Tick data to visualize the microstructure inside every candle. It helps y
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Mikhail Sergeev
5 (2)
Ti presentiamo un indicatore rivoluzionario che cambia le regole del gioco nel mondo del trading di tendenza. L'indicatore è progettato per ripensare le prestazioni e portare la tua esperienza di trading a livelli senza precedenti. Il nostro indicatore vanta una combinazione unica di funzionalità all'avanguardia che lo distinguono dalla concorrenza. La tecnologia avanzata "Real Pricing Factors" offre una sostenibilità senza pari anche nelle condizioni di mercato più difficili e volatili. Dì addi
Presentazione       Quantum Breakout PRO   , l'innovativo indicatore MQL5 che sta trasformando il modo in cui scambi le zone di breakout! Sviluppato da un team di trader esperti con un'esperienza di trading di oltre 13 anni,       Quantum Breakout PRO       è progettato per spingere il tuo viaggio di trading a nuovi livelli con la sua strategia innovativa e dinamica della zona di breakout. Quantum Breakout Indicator ti fornirà frecce di segnalazione sulle zone di breakout con 5 zone target di
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AHMED ABULFATEH
5 (5)
Segnali di trading con precisione del 98% Entrate precise, uscite chiare | Multi-timeframe | Tutti i mercati Come funziona in 3 semplici passaggi 1️⃣ INGRESSO OPERAZIONI (Regole Acquisto/Vendita) Innesco del segnale: Due linee (X) si incrociano al di fuori della zona colorata (rossa per acquisto/blu per vendita). Conferma: La candela del prezzo deve toccare l'incrocio (durante o entro 1-5 candele successive). Ingresso alternativo (No Touch): Segnale di vendita (Zona blu): Il prezzo rimane so
Prices move for many reasons and these can vary from one operator to another: software, private and institutional traders simultaneously contribute to the formation of the price, making predictive art very difficult. However, there are measurable factors that bind the price to an underlying trend in line with the physical reality that the financial asset represents: these are the macroeconomic indicators. Large investors use this information wisely to set their strategies. Understanding these m
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Dimitr Trifonov
5 (2)
Matreshka self-testing and self-optimizing indicator: 1. Is an interpretation of the Elliott Wave Analysis Theory. 2. Based on the principle of the indicator type ZigZag, and the waves are based on the principle of interpretation of the theory of DeMark. 3. Filters waves in length and height. 4. Draws up to six levels of ZigZag at the same time, tracking waves of different orders. 5. Marks Pulsed and Recoil Waves. 6. Draws arrows to open positions 7. Draws three channels. 8. Notes support and re
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Watchlist
Nico Deuscher
3.67 (3)
Indicator to create and manage your own watchlists. It allows you to load one symbol to multiple charts with just one click. There is an addon to save objects from drawings (lines, fibos etc.) and load when the symbol is changed. Functions Supports Multi-Timeframe-Usage Load one symbols to multiple charts with just one click Automatically created list with all tradeable symbols Custom watchlists can be created Symbols can be added and deleted from the created watchlists Sortfunction to sort a
Save Chart
Nico Deuscher
This indicator saves the chart as a template when you change the symbol. It also loads the template from the new symbol. Therefore you are able to save all objects that you have drawn on the chart. It is an addition to the Watchlist Indicator. How to use it: - Pull the indicator to the chart - The first parameter defines which timeframes are saved into one file. An example: If you do not want to see a drawn object (e.g. line) from D1 in M1 you need to specify the timeframes. - The default valu
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