The Chart Mechanics Trend Indicator
- Indicatori
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Daniel Reynolds
MQL4 and MQL5 developer building Expert Advisors, indicators, trade panels and utilities for MetaTrader 4 and 5.
What I build: - Versione: 1.0
- Attivazioni: 10
TCM Trend Indicator for MetaTrader 4 highlights trend-following setups on closed candles and shows a suggested entry, stop-loss and take-profit for the latest one. What it shows - An arrow under or over the candle when a bullish or bearish trend setup appears, on closed candles only, so arrows do not repaint - Entry, stop-loss and take-profit lines for the latest setup, with the stop based on market volatility - A title and status line showing the current state Risk : reward Choose 1:1, 1:1.5, 1:2, 1:2.5, 1:3 (default) or a custom multiple for the take-profit line. Alerts Pop-up alerts and optional push notifications to the MetaTrader mobile app when a new setup appears. Inputs Show entry, stop-loss and take-profit, Risk : reward, Custom reward multiple, Pop-up alerts, Push notifications, Arrow distance from the candle, Show title, Title position. Works on any symbol and timeframe. Most useful on trending markets such as the major currency pairs and gold, on M15 to H4. The indicator does not place trades. Tools and education only. Not financial advice. Trading involves risk.
