AurumEdge Trend Compass
- 지표
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Anthony Nwabueze Onyenweaku
I’m Tony, founder of AurumEdge Tech. I build Expert Advisors and indicators for MetaTrader 5 in MQL5, focusing on gold (XAUUSD), forex and indices (US30, NAS100, GER40).
What I do:
• Custom EAs from your strategy rules: breakout, trend, session-based, grid-free risk-managed systems - 버전: 1.10
- 활성화: 10
Labels swing highs and lows (HH, HL, LH, LL), marks breaks of structure and changes of character, and shows the higher-timeframe trend. Non-repainting.
AurumEdge Trend Compass reads market structure for you, so you can see at a glance whether the market is making higher highs and higher lows, or lower highs and lower lows.
WHAT IT SHOWS
- Swing labels: HH (higher high), HL (higher low), LH (lower high), LL (lower low)
- BOS (break of structure): price closes beyond the last swing in the direction of the trend, so the trend continues
- CHoCH (change of character): price closes beyond a swing against the trend, the first sign the trend may be turning
- Corner panel with the structure on your chart and on a higher timeframe (H4 by default). Green when both agree on up, red when both agree on down, gold when they disagree.
NO REPAINTING
A swing is only labelled once the candles that confirm it have closed, and BOS / CHoCH appear on the close of the breaking candle. This means the marks come a few candles after the turn, and they never move or disappear afterwards.
ALERTS
Pop-up, push notification and sound for a new CHoCH (and optionally for every BOS), on closed candles only.
SETTINGS
- Swing size (candles on each side)
- Candles to analyse
- Show or hide swing labels, BOS and CHoCH; colours and font size
- Higher timeframe and its swing size
Works on any symbol and timeframe (forex, gold, indices and more). Developed and tested on gold (XAUUSD).
The indicator describes market structure. It does not place trades and is not a trading signal on its own. Trading involves risk.
