The Trend is Your Friend
I have been studying the Forex market since the year 2004. Many professionals agree that the trend is your friend. This indicator calculates price and displays its trend. The indicator also has an extra feature to let you turn on/off the glowing effect on a chart. I usually place a buy order when the price is above the glowing green tube and sell when it is below the glowing pinkish red tube.
- Email Alert: True/False (if true, the EA will send out an email alert)
- Sound Alert: True/False (if true, the EA will pop up an alert on MT4 chart)
- MAShift: 40
- Distance: 50
- MAMethod: 2
- AppliedPrice: 3
The default setting works for EURUSD. You can adjust it to other currency pairs. I like the H1 timeframe chart.