Trend Hounter MT4

An indicator based on candlestick patterns
To catch short-term and long-term trends
If it gives a signal in the direction of the trend, it is long term
And if it gives a signal in the opposite direction of the trend, it is short term
Too many signals
Can be used in all symbols
Can be used in all time frames



Attributes:

  • Too many signals
  • Can be used in all symbols
  • Can be used in all time frames
  • Simple settings
  • Simple and fast usage
  • With author lifetime support


Settings:

  • Candle back: The number of candles where the signal is displayed
  • Show Alert: Display an alert in Metatrader after receiving the signal
  • Show Notification: Receive a notification on the mobile after receiving the signal

 

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There is always a need to measure if the market is "quiet" or it is volatile. One of the possible way is to use standard deviations, but the issue is simple : We do not have some levels that could help us find out if the market is in a state of lower or higher volatility. This indicator is attempting to do that : •           values above level 0 are indicating state of higher volatility (=GREEN buffer) •           values below level 0 are indicating state of lower volatility (=RED buffer)
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