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BeST Chande TrendScore Indicator MT5

BeST_Chande TrendScore Indicator points the start of a trend with high degree of accuracy and it is amazing for scalping on the 1min timeframe. It is also a simple way to rate trend strength. It indicates both the direction and strength of a trend and can be easily combined with various trend-following, swing and scalping strategies.As of a trend’s direction and strength a value of +10 signals a strong uptrend while a value of -10 signals a strong downtrend. Generally a positive score shows an upward trend bias while a negative score shows a downward bias. The TrendScore is pinned to +10 during major portions of the upward moves and to –10 during major portions of the upward moves while it is quick to change directions during sideways periods.

TrendScore  Indicator

  • is great for trend trading
  • is great for swing trading
  • is great for scalping
  • does not repaint
  • works on any timeframe
  • works on any Symbol
  • is simple and easy to use

TrendScore  Indicator  was devised by Tushar S. Chande and he explained all about its use at his article in Stocks & Commodities:  Rating Trend Strength”.

TrendScore Indicator can be traded in many ways. The approach we choose depends on our trading style:

  • You can use the zero crossing as an early signal and then buy when the trendscore becomes positive or equal to +10 and sell when it becomes negative or equal to –10.
  • Also as a filter you can wait one to three bars after the TrendScore reaches +10 or -10 before buying (+ 10) or selling (-10).
  • Or you can combine the trendscore with a moving average, trading an upward or downward crossover.
  • Another variation would be to go long after the trendscore crosses from -10 to above +5 and go short after the trendscore falls from +10 to below 5.

You could also combine TrendScore with other indicators of trend strength. For example, if you combine it with the ADX indicator Trendscore would provide an indication of direction, while the ADX can provide additional information about the trend's strength. You could also for example  use H1 data to calculate a trend's score and make trades based on a lower timeframe like M15,M5 or M1 etc.

Inputs

The only Input parameters of the indicator are the following: 

  • Select Color of TrendScore Indicator
  • Select Width of TrendScore Indicato

For EA Developers

 

TrendScore    Buffer = 1
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Meta Trend
Ehsan Tarakemeh
Meta Trend Indicator  is the most efficient way to forecast and detect the trend in any market. It reveals the trend, support and resistance levels, volatility and the maximum potential target, all in one indicator. To adapt to the price and to decrease consecutive trend failures, the internal trend detector algorithm studies the market and dynamically chooses the right values for the internal parameters. This indicator is a perfect trend filter for any strategy or expert advisor. Click here for
99 USD
MT5 Gann Dynamic Square Lite
Naveen Saroha
INTRODUCING WORLD'S FIRST MT4 & MT5  Gann Dynamic Square and Circle To Analyze Markets Geometric Relationship. Gann Dynamic Square  has some of the most impressive features you will ever find in Gann & Geometric Analysis world. The Gann Dynamic Square is a Powerful method of squaring TIME AND PRICE .It is a free-hand drawing tool giving you control of the size of the box. The internal diagonals, grid-lines and angles can be Enabled/ Disabled. All square diagonals like 45 Degree,90 Degree 
199 USD
DemarkSequentialMQL5
Oleh Fedorov
Секвента Демарка (Sequential) - индикатор, демонстрирующий развитие тренда, его структуру. Довольно точно отображает начальную и конечную точки, важные точки перелома. Срабатывает по открытию свечи, поэтому перерисовок не будет никогда. Здесь нет сложных формул, только статистика, отсчёт свечей, выбранных по определённым критериям. При этом индикатор может давать очень точные сигналы для входа, особенно при поддержке какого-нибудь индикатора уровней, например, этого . Алгоритм нахождения сигнал
50 USD
Fixed Trend
Oleksii Ferbei
The Fixed Trend indicator searches for and displays the turning point price on the chart. Trend indicators are one of the main tools for analyzing trends in the Forex currency market. The goal, which was pursued in its creation, is to obtain signals that will give less noise and respond more quickly to price changes. The Fixed Trend indicator is a trend indicator that is used to search for reversals when its boundaries break. Trend indicators allow you to effectively determine the direction
88 USD
Market Profile Singles indicator MT5
Tomas Papp
⭐⭐⭐⭐⭐ MT4:  https://www.mql5.com/en/market/product/52715 理論: 市場概況單打: 輪廓的單張或單張打印(或間隙)放置在輪廓結構的中間,而不是上邊緣或下邊緣。單身人士將我們的注意力吸引到價格波動非常快的地方(衝動運動),從而使市場失衡並向我們顯示失衡的區域。通常,當市場對意外消息做出反應時,會創建單身。正是這些報告能夠導致極端失衡,並為買方和賣方的極端情緒反應做好準備。用作支持/阻力區,但並不一定要始終小心。通常,它在趨勢日表現良好。 這些水平由大型銀行和銀行監視。此指標將向您顯示這些水平。 市場將希望重新訪問該區域,並檢查這些價格水平是否不是對以這些價格進行交易感興趣的交易者。這些商人為什麼要在那裡?因為市場從字面上飛過該地區,只有少數交易者有機會在該地區進行交易。為此,將來可能會填補這些領域。 注意資金和風險管理。始終使用止損。最低存款準備金率3:1。每筆交易最高承擔賬戶風險的0.5-1%。 請記住,將來將有超過70%的機會對這些區域進行測試。這把可能性放到了我們這邊。 我附上我自己交易的三種策略。 這三種策略在
50 USD
Lighthouse MT5
Daniel Stein
⭐️⭐️⭐️⭐️⭐️ You want to become a constantly profitable 5-star forex trader? ⭐️⭐️⭐️⭐️⭐️ 1.  Read the basic description of our simple trading  system   &  and it's major strategy update in 2020   2.   Send a screenshot of your purchase  to get your personal invitation to our exclusive trading chat Lighthouse is an amazing precise and reliable support and resistance indicator. It displays the most important trading levels and draws them according to their relevance. If a level is clearly br
50 USD
TrueSR Multi TF Support Resistance alert and panel
Behzad Movaghar
TrueSR indicator is a multi-timeframe panel and alert that finds nested support and resistance zones for all timeframes and gives alert when price has interaction with those zones. If you are using support and resistance (or supply and demand) zones in your trading strategy, this indicator and its alert and filtering system is a big time saver for you. Also doesn't matter what is your trading strategy, this indicator helps you to not caught in support and resistance zones. Indicator shows if pri
120 USD
Inno Trend
Ivan Simonika
The Inno Trend indicator tracks the market trend with reasonable reliability, ignoring sharp market fluctuations and noise around the average price. The Inno Trend indicator simplifies the decision-making process by recognizing reversals using a built-in algorithm, and then confirming signals at support / resistance levels, implements a kind of technical analysis based on the idea that the market is cyclical in nature. It can be used both for pipsing on small periods and for long-term trading.
99 USD
PZ ABCD Retracement MT5
Arturo Lopez Perez
该指标找到AB = CD回撤形态。 AB = CD回调模式是一种4点价格结构,其中初始价格区间被部分回调,然后与回调完成后等距移动,这是所有谐波模式的基本基础。 [ 安装指南 | 更新指南 | 故障排除 | 常见问题 | 所有产品 ] 可定制的图案尺寸 可定制的AC和BD比率 可定制的突破时间 可定制的线条,颜色和大小 它根据CD纤维水平显示SL和TP水平 视觉/声音/推送/邮件警报,用于模式和突破 AB = CD Retracements可以扩展和重新绘制很多内容。为了使事情变得更容易,该指标实施了一个转折:它在向交易发出信号之前等待正确方向的Donchian突破。最终结果是带有非常可靠的交易信号的重新粉刷指示器。输入donchian突破时段作为输入。 看涨回撤是蓝色的 空头回撤是红色的 请注意,价格模式(例如AB = CD)可以扩展,指标必须重新绘制以跟随该模式的扩展。如果图案重涂超出了参数中输入的AC / BD / AB = CD比率,则该图案将消失,因为它将不再有效。要交易这些模式,请求助于donchian突破信号。 输入参数 幅度:AB = C
49 USD
Clever TDI Pro MT5
Carlos Forero
Description: The indicator shows the TDI indicator in a separate window, and with the RSI component, the indicator finds possible divergences with M or W patterns. Here you can access our discord community for more information about our tools and benefits. KEY LINKS:   How to Install   -  Discord Server   –  Frequent Questions  -  All Products  Functions: Finds Market Makers patterns. Finds extremes or exhaustion into the market. Looks for a trend continuation. Content: TDI Indicator Divergence
49 USD
Clever Trend Oasis MT5
Carlos Forero
The indicator is based on a proven successful strategy. It shows buys and sello signals with suggested stop and target. In the same way, it calculates the essential trading analysis statistics as successful and profit ratio. Here you can access our discord community for more information about our tools and benefits. KEY LINKS:   Indicator Manual   –   How to Install   -  Discord Server   –  Frequent Questions  -  All Products    Indicator features Effective and understandable signals. It can
98 USD
KT Renko Patterns MT5
KEENBASE SOFTWARE SOLUTIONS
KT Renko Patterns scans the Renko chart brick by brick to find some famous chart patterns that are frequently used by traders across the various financial markets. Compared to the time-based charts, patterns based trading is easier and more evident on Renko charts due to their uncluttered appearance. KT Renko Patterns features multiple Renko patterns, and many of these patterns are extensively explained in the book titled Profitable Trading with Renko Charts by Prashant Shah. Features Tra
220 USD
FX Power MT5
Daniel Stein
⭐️⭐️⭐️⭐️⭐️ You want to become a constantly profitable 5-star forex trader? ⭐️⭐️⭐️⭐️⭐️ 1.  Read the basic description of our simple trading  system   &  and it's major strategy update in 2020   2.   Send a screenshot of your purchase  to get your personal invitation to our exclusive trading chat FX Power MT5 is the first currency strength meter with a complete history across all time frames. It analyzes the momentum and strength of all major currencies to determine high probability trades. Key
50 USD
Naked Forex Tweezer Indicator for MT5
Renaud Candel
Tweezer Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities and Cryptos. The standard Tweezer is a two bar pattern. Our enhanced version is a multi-bar pattern. We filter the patterns for you so that you only get the       best and most effective patterns   and ignore the noise. The Tweezer pattern is a simple and effective pattern to trade. The strategy that comes with the Tweezer is based on price action. The indicator does what he was designed for
147 USD
Naked Forex Tweezer Pro Indicator for MT5
Renaud Candel
Tweezer Pro Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities and Cryptos. The standard Tweezer is a two bar pattern. Our enhanced version is a multi-bar pattern. We filter the patterns for you so that you only get the   best and most effective patterns   and ignore the noise. The Tweezer pattern is a simple and effective pattern to trade. The strategy that comes with the Tweezer is based on price action. The Tweezer Pro version let users
177 USD
Bollinger Bands Scanner MT5
Mahan Movaghar
Bollinger Bands Scanner is a multi symbol multi timeframe volatility scanner that helps traders to monitor market volatility from one chart. This panel scans the Bollinger bands indicator in 28 configurable instruments and 9 timeframes for price overbought/oversold, price consolidation, and consolidation breakout. Bollinger Bands scanner features: Multi timeframe, multi symbol, customizable scan of the Bollinger Bands indicator. All 21 MT5 timeframes support. Scan for price hitting lowe
50 USD
IQ Currency Correlation MT5
Somsri Sarkar
VIEW INDICATOR MANUAL Metatrader 4 version available  (FREE) Benefits: Shows multiple currency pairs correlation coefficient in a tabular form. 100% fully responsive table, fits at any screen size, with full customization. Can move the table anywhere in the chart. User can edit currency pairs, edit, add, remove different currency pairs.  Multiple table can be added on the same chart (add custom name) User can choose different time frames directly from the table menu. Works for all symbols av
50 USD
Median and Turbo renko indicator bundle
Artur Zas
Robust median Renko style indicator for creating custom charts resembling Median Renko, Mean Renko, Turbo Renko and Better Renko candles as well as vanilla Renko with wicks plus Point-O charts. This all in one package provides all of the signals needed by day traders, scalpers, and even long-term traders. Main characteristics The indicator is an overlay on the main chart so it is possible to utilize one-click trading and order manipulation directly on the custom charts. Visual order placement
45 USD
MA Trend Scanner MT5
Mahan Movaghar
Moving Average Trend Scanner is a multi symbol multi timeframe trend dashboard that helps traders to monitor, and identify potential market trends from one chart. This panel scans 3 moving averages in 28 configurable instruments and 9 timeframes for moving average alignment and moving average crossover. MA Trend Scanner features: Customizable short-term, medium-term, and long-term MAs. All 21 MT5 timeframes support. Option to filter signals based on a minimum distance between moving averag
50 USD
Gold Snake Trends For 5
Kaijun Wang
指标内容: 1.基准价,参考基准价.价格短期来说是不断无序波动的,短期的命运会显得不可捉摸 2.参考趋势方向   建议 : 弱化K线的短期波动,做中长期的趋势  . "Grow together!"  "合作QQ:556024" "合作wechat:556024" "合作email:556024@qq.com"  "趋势正在形成或者消亡,而跟随舞动的大蛇盘旋而动,一起前进,永不放弃  "清晰可见的多空判断,去跟随它!" "扭曲的大蛇是通往趋势的阶梯,一步一个脚印,登高,速降!"  "我们和趋势是好朋友,和震荡也是最佳伙伴!" "共同成长!"  注:为中国小伙伴优化的一键改变图表颜色正反功能,可以方便的适应国内行情红色为涨的普遍认知......
50 USD
Marker Bands Pro MT5
Ramon Sobrevals Arce
We are glad to introduce you to our new indicator. We have perfected this indicator to make it more profitable and successful than any other.  Marker Brands Pro is created by using an exclusive algorithm to indicate you (Buy ➚ ➘ Sell) in an accurate way all the possibles reversals within a normalized trending bands.  It also indicates you “the golden trade” a term created to indicate a very profitable operation. 🌟 The main goal🌟   for this algorithm is to achieve huge profitable movements and
79 USD
Impuls RMT
Dim Hakimov
Только что открыли позицию, а цена резко пошла в другую сторону..Что делать? Просто потерпеть, усредниться или отстопиться (закрыться) и снова войти в сделку, но уже в противоположную сторону?  Как поступить...а может просто снимать сливки и торговать по разворотным импульсам ….в этом Вам поможет и подскажет Индикатор тенденций и разворотов на базе коллекции паттернов советника  ReversMartinTral  https://www.mql5.com/ru/market/product/28761 который кроме рекомендаций и сигналов реверса вклю
200 USD
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版本 1.10 2019.05.04
Improved code function for indicator’s color changing.