The Trend Is Your Friend Until It Is NOT

1

One of the most famous phrases in the trading world is "The Trend Is Your Friend".

Trading following the current trend is one of the most successful ways in terms of probability. The hard part of it is to recognize when the market is trending or not.

that's the role of our indicator we called The Trend Is Your Friend Until It Is Not. Apart from its big name it is really easy to use and see when the market is trending or ranging. Through a little window of 3 colors you will identify if the market is currently trending Up, Down, or ranging (sideways).

We at Minions Labs developed this minion to act as a filtering system for scalping Expert Advisors for the intraday trading, but several traders from our circle liked the idea of having a Confirmation Tool of the current trend.

We don't recommend to use it as a triggering indicator because it has lag. Its inner workings are based purely on Price Action/Candle Analysis and it is so easy to use that it has only one parameter setting: the timeframe of the analysis, so you can add several instances of it into your chart to monitor and see what is the trend in higher timeframes!

If you are a discretionary trader or a robot builder, this minion is a must-have in your toolbox. Give it a try and see for yourself.


HOW TO "READ" THIS INDICATOR

  • GREEN color: UPTREND.
  • RED color: DOWNTREND.
  • GRAY color: SIDEWAYS.
  • Does this indicator repaint? No, when used in real-time mode, i.e. Live Trading. When the indicator is applied to past bars (i.e., reopening MT5) the bars are repainted to show the last status of each bar based on their last OHLC data, which could be slightly different from the Live market data but really it doesn't matter so much since our recommendation is to NOT use this indicator as a Trigger and instead, use it as a Confirmation tool.
  • Obviously that are thousands of assets around the globe to trade, so if it fits, you can use it as a Trigger indicator if your backtests confirm this ability. Example given: Scalping in intraday trading.


SETTINGS

  • Timeframe to analyze
  • Size of the indicator window (in pixels)


Do you want to try it for yourself, live into your assets? Download the DEMO version here: The Trend Is Your Friend, Until It Is NOT!

* Due to the new MQL5 policy developers cannot provide DEMO versions to the general public here in this website anymore.That is why you will be redirected to an external website clicking on the link above.

* If you would like to try this indicator in a BackTest environment for Exper Advisor, please download the FREE DEMO version on the button found here on this product (left side of this screen).



    Buffers to use on your EA:

        #1 - Color buffer:
            0 = Ranging (sideways) market.
            1 = Uptrending market.
            2 = Downtrending market.


    Didn't Find a Feature You Need?

    No product is perfect for everyone. If you think you need a missing feature from our product just send us a message. We love feedback!



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    Yardımcı programlar
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    5 (5)
    Yardımcı programlar
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    5 (1)
    Göstergeler
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    Flavio Javier Jarabeck
    4.27 (11)
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    3.5 (4)
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    3.88 (8)
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    Flavio Javier Jarabeck
    3.86 (7)
    Göstergeler
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    Flavio Javier Jarabeck
    3.67 (3)
    Göstergeler
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    Flavio Javier Jarabeck
    4.33 (6)
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    4.43 (7)
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    Flavio Javier Jarabeck
    4.92 (12)
    Göstergeler
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    Flavio Javier Jarabeck
    5 (2)
    Göstergeler
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    Flavio Javier Jarabeck
    5 (3)
    Göstergeler
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    Flavio Javier Jarabeck
    4.8 (5)
    Göstergeler
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    Flavio Javier Jarabeck
    Göstergeler
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    5 (4)
    Yardımcı programlar
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    Flavio Javier Jarabeck
    Göstergeler
    ATR Monitor ATR is a measure of volatility introduced by market technician J. Welles Wilder Jr. in his book, "New Concepts in Technical Trading Systems". In general, traders are accustomed to seeing the ATR in the form of a sub-window indicator. What I am presenting here is a simplified version of ATR - just the current ATR number - very useful for monitoring just the very moment of the current chart. And, by default, this indicator will not show up on screen, you can just use the buffers thems
    FREE
    Candlestick Pattern Teller
    Flavio Javier Jarabeck
    5 (1)
    Göstergeler
    Minions Labs' Candlestick Pattern Teller It shows on your chart the names of the famous Candlesticks Patterns formations as soon as they are created and confirmed. No repainting. That way beginners and also professional traders who have difficulties in visually identifying candlestick patterns will have their analysis in a much easier format. Did you know that in general there are 3 types of individuals: Visual, Auditory, and Kinesthetic? Don't be ashamed if you cannot easily recognize Candlesti
    Economic Markers PRO
    Flavio Javier Jarabeck
    4 (1)
    Göstergeler
    Easily get all relevant economic events of the current day right into your chart, as markers. Filter what kind of markers do you want: by country (selected individually) and by Importance (High relevance, Medium, Low or any combination of these). Configure the visual cues to your liking. Additionaly you have the ability to add up to 5 personal markers of your own agenda. With Alerts and/or with blackout periods, if you are using it within an Expert Advisor! All in one Economic Calendar indicator
    Mini Chart Indicators
    Flavio Javier Jarabeck
    Göstergeler
    The Metatrader 5 has a hidden jewel called Chart Object, mostly unknown to the common users and hidden in a sub-menu within the platform. Called Mini Chart, this object is a miniature instance of a big/normal chart that could be added/attached to any normal chart, this way the Mini Chart will be bound to the main Chart in a very minimalist way saving a precious amount of real state on your screen. If you don't know the Mini Chart, give it a try - see the video and screenshots below. This is a gr
    Market Momentum PRO
    Flavio Javier Jarabeck
    Göstergeler
    The Market Momentum indicator is based on the Volume Zone Oscillator (VZO), presented by Waleed Aly Khalil in the 2009 edition of the International Federation of Technical Analysts journal, and presents a fresh view of this market valuable data that is oftenly misunderstood and neglected: VOLUME. With this new approach of "seeing" Volume data, traders can infer more properly market behavior and increase their odds in a winning trade. "The VZO is a leading volume oscillator; its basic usefulness
    Filtrele:
    297846
    45
    297846 2025.04.12 19:49 
     

    TERRIBLE!!! THE FILE DOES NOT WORK AND OWNER IGNORES MESSAGES. HE WONT SEND NEW FILES

    ThorstenKock
    2584
    ThorstenKock 2021.08.01 15:47 
     

    Kullanıcı değerlendirmeye herhangi bir yorum bırakmadı

    Flavio Javier Jarabeck
    360609
    Geliştiriciden yanıt Flavio Javier Jarabeck 2021.08.02 16:40
    Sorry to hear that... This indicator is not for everyone or every Symbol... ;)
    nei.franca
    14
    nei.franca 2021.07.31 22:39 
     

    Kullanıcı değerlendirmeye herhangi bir yorum bırakmadı

    Flavio Javier Jarabeck
    360609
    Geliştiriciden yanıt Flavio Javier Jarabeck 2021.08.01 00:08
    Que bom que gostou Nei! Espero que tenhas trades fantásticos! ;)
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