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Trend Points MT5

The indicator displays points showing a symbol trend.

Bullish (blue) points mean buy signals. Bearish (red) points mean sell signals.

I recommend using the indicator in conjunction with others. Timeframe: M30 and higher.

Simple strategy:

Buy if there are two blue points on the chart.

Sell if there are two red points on the chart.


Parameters

  • Trend points period - The main period of the indicator;
  • True range period - The auxiliary period of the indicator;
  • Points calculation method - Calculation method of trend direction (Simple, Exponential ...);
  • Applied price - Type of the price used to place the points (Open, Close, High ...).
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