Trendy Stocks

5
Trendy Stock is a price following indicator that uses Stochastic to show when the price is out of the oversold or overbought areas. 

The algorithm allows you to stay longer in a trend where the bulls or bears are in control.

The indicator changes color immediately the price exits oversold/overbought state.

In short, the downtrend [red] bars start to paint when the buying pressure decreases while the uptrend [green] bars form as the buy pressure kicks in.

  For MT4 version, follow :: https://www.mql5.com/en/market/product/68129


Important:  To get the full benefits of this indicator, use together with our newest top indicators (OUTSIDE THE BOXHOT ZONES MT5) or (TREND GUARD MT5)


Advantages

  • Allows you to stay longer in a trend
  • Does not repaint closed bars.

  • Works with any timeframe

  • Not oversensitive to medium price fluctuations.

  • Works with any broker

How to use

  •  Buy when first Green bar closes. Re-enter the trend when price deeps and starts to retreat during the green state.
  •  Sell when first Red bar closes. Re-enter the trend when price deeps and starts to retreat during the red state.

Ideal for the following:


EURUSD

GBPUSD

USDCAD

USDCHF

GBPCHF

EURGBP

AUDUSD

CADCHF

NZDCHF

AUDNZD

AUDCAD

NZDCAD

EURNZD

GBPAUD

EURAUD

EURCAD

Other instruments where it works.

HEATING_OIL

GASOLINE

_TELCOM_IT

XRUSD

XLMUSD

MIOTASUSD


NOTE: The indicator works ONLY with the instruments whose quote is below 5 such as the ones that are listed above, otherwise, the indicator WILL NOT display.


Settings

  • K% Period. For Best results, use values between 25 - 100.
  • D% Period. Use values between 1 - 3
  • Slowing.  Use values between 1 - 3
  • Method.  Any works fine
  • Applied Price.  Any works fine








Comentários 2
Findolin
1920
Findolin 2023.04.12 22:25 
 

Thank you very much for this awesome indicator for free. I love it so much. And it do help to be profitable. Sorry for my bad English.

David Zita
366
David Zita 2022.09.08 10:52 
 

Thank you for this useful indicator..i am happy

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Filtro:
Findolin
1920
Findolin 2023.04.12 22:25 
 

Thank you very much for this awesome indicator for free. I love it so much. And it do help to be profitable. Sorry for my bad English.

Innovicient Limited
10328
Resposta do desenvolvedor ALFRED MURIITHI 2023.04.13 05:05
Hey, Findolin.
Thanks a lot for your great review! I am glad that the indicator has helped in improving your trading. You can also check our other indicators at https://www.mql5.com/en/users/pipmontra/seller
David Zita
366
David Zita 2022.09.08 10:52 
 

Thank you for this useful indicator..i am happy

Innovicient Limited
10328
Resposta do desenvolvedor ALFRED MURIITHI 2022.09.08 13:39
Thanks for your review, David. Please take time to go though our other products from here :🏛 ALL EA https://www.mql5.com/en/users/pipmontra/seller
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