Hydra Trend Rider

Introducing a cutting-edge, non-repainting indicator designed for peak performance in dynamic markets across various timeframes. Enjoy seamless compatibility with any symbols and receive timely mobile alerts.

Indicator Features:

Multiple Timeframe Dashboard

Conduct comprehensive multiple timeframe analysis from M1 to Monthly charts simultaneously with our dashboard. Higher timeframe signals can confirm long-term trends.

Signal Line

Indicator gives bullish, bearish and trend correction signals. Helps to analyze buying and selling trade opportunities with one single line. Line changes its color in different signals which is easy to understand.

Mobile Alert

Explore the full potential of this indicator across multiple chart windows in MetaTrader. Receive alerts for various currency pairs with a hassle-free setup.

Dashboard Customization

Move the indicator dashboard anywhere on the chart, minimize it, restore it, and resize it according to your preference with just a single click. The indicator fully supports 4K monitors.

Indicator Settings:

Mobile Push Message: Yes or No (Default)

Change Indicator Size:

•    Default (SD)
•    125% (HD)
•    150% (Full HD)
•    200% (4K)

Indicator Signal: 

Seamlessly blending trend-following and trend-reversal strategies for unparalleled versatility.

Line Color Definition

Red: Indicates a Bearish Signal

Green: Signals a Bullish Market

Gray: Suggests a No Entry Zone / Correction Area 

Important: In an uptrend or downtrend, the market often corrects itself near the gray line, which serves as a support or resistance level. The further the candlesticks or bars form from the hydra trend line, the more momentum the trend possesses.

Trend Following

Ride the trend by identifying higher highs and higher lows during a robust uptrend or lower lows and lower highs in a strong downtrend.

Trail Position

Trail positions during strong trends, ensuring a sustained rise in higher highs or lower lows.

Entry for Good Signal-

Green Signal: Look for long green up candles with higher highs and higher lows or breakthroughs of previous highs for a strong uptrend.

Red Signal: Seek long red down candles with lower lows and lower highs or breakthroughs of previous lows for a compelling downtrend.

Entering a Trade After Correction 

After a blue signal if a green one appears, wait for a green signal with higher high bars for re-entry into an uptrend. Apply the same principle for downtrend correction.

Merging with Other Indicators

For enhanced trend confirmation, observe market price action and consider combining our indicator with others in your toolkit.

Indicator Troubleshooting:

To get mobile alerts from Metatrader Desktop:

Choose Tools -> Options from the Menu.

Click on the Notification Tab. Turn on Push notification. Enter your Metaquotes ID (You can see this ID in your mobile metatrader app settings) and then press Test.

How to Do a Visual Backtest with Our Indicator:

Step 1: Download the entire history center database first. Press shortcut key F2 to access the History Center.

Step 2: Click on the download button.

Step 3: After the download completes, close, and restart the metatrader.

Possible Issues with Backtesting:

Problem 1:

You see a message that says "Waiting for update" on the chart while backtesting.

Solution:

This means that you don't have enough data or poor internet connection. To avoid this, make sure you download the full History Center data as explained above.

Problem 2:

Metatrader freezes during backtest.

Solution:

This also happens because of insufficient data or bad internet connection. Fix internet connection before starting and follow the steps again.

Risk Disclosure:

Our indicator doesn't guarantee future profits or losses. Trade responsibly, understanding that IntraQuotes or program developer is not liable for any incurred losses or the precision of signals. Our product serves as visual guidance, adding value to informed trading decisions.

Copyright © INTRAQUOTES a brand of Taracode International.

Related to:

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