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This is one of my first indicators. Slightly improved. The indicator is based on point and figure chart, but their period is equal to ATR indicator values. Parameters: ATRPeriod - ATR period for calculation of steps. XOPips - manual pararmetr, ATR ignoring. Note: The indicator uses closes price, thus it is recommended to consider completed bars. There is a more visual, with the display of lines on the chart and alerts, paid version of XOatrline
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The indicator is based on crosses of zeros, but their period is equated to the indicator ATR. An alternative to the XOATRHIST indicator with the channel display on the chart. More informative. Closing a bar outside the channel forms an x or O. The indicator turns on the Alert option. Options: ATRPeriod - period ATR for the calculation of steps. XOPips - manual pips
XOalert - output of the signal to the terminal. XOnotification - sending a signal to the mobile terminal. XOmail - send a
Version for MetaTrader 5. The indicator is based on point and figure chart, but their period is equal to ATR indicator values. Displays in the form of steps. Steps above zero indicate an uptrend. Below zero on a downtrend. Parameters: ATRPeriod - ATR period for calculation of steps. Note: The indicator uses closes price, thus it is recommended to consider completed bars.
Discrete Trend determines the dominant trend. The innovative algorithm allows the indicator to automatically adapt to any timeframe and currency pair completely eliminating the need for manual adjustments. The indicator works on bar closings. Thus, it is advisable to consider signals on the already formed candles. The product can be used both as a filter and as a main indicator.