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Laser Trend

The trend is your friend! This is what this indicator is all about.

Follow this famous saying and be safe.


Characteristics:
  • Buy/Sell signals fixed on the close of a bar.
  • Works on all symbols and all timeframes.
  • Clear visual market trend laser line, Buy/Sell signal arrows, market strength meter, TP1 & TP2 boxes.
  • Visual signals when to enter, when to exit the market.
  • No repainting.
  • Compatible with Flexible EA for trading automation. (Ask for a free set file optimized to perform 2010-2018)
Parameters:
  • Period - the number of bars used to calculate the trend.
    • Recommended period setting 30 to 85.
    • The lower the setting the lower short term indication outcome.


To enter a trade check the following:

  • Buy: If "Blue Right Arrow" appears on chart and the UpTrend indicator is 65% or above. BUY.
  • Sell: If "Red Right Arrow" appears on chart and the DownTrend indicator is 60% or above. SELL.


To exit open trades:

  • Low Risk TP1: For a secure preservative trading style close your positions on TP1 "the small square".
  • Higher Risk TP2: For a more aggressive style "higher risk" close on TP2 "the big square".
  • StopLoss: Your StopLoss should be the opposite signal.


Live Signal Link


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