AP Blocks Trend Signal
The AP Blocks Trend Signal Indicator is a visual, easy to handle non repainting indicator which helps you to determine
the beginning of a trend and enter a trade accordingly. Three Blocks show you the trend on different timeframes (ranges in case of renko). If
have the same color at the end of the candle, then you are ready to enter a trade!
The usage is very easy:
1. Check the 3 Block colors of the previous Bar.
2. If all 3 are blue => enter long (market)
3. If all 3 are red => enter short (market)
It works best on indices like DAX, NASDAQ, Dow Jones, S&P 500, but also on Forex
The ultimate signal quality is achieved when using this indicator on Renko Bars (see screenshots).
If you buy the indicator, you will get lifetime access to all future versions + a 30 minutes introductory skype session with me (english or german) to setup the indicator and show you how to use it.
1. period_1 = 3 (Period past candles to determine color of first block)
2. period_2 = 5 (Period past candles to determine color of second block)
3. period_3 = 8 (Period past candles to determine color of third block)
4. BarWidth = 2 (Determines the thickness of the block. You need to adjust this parameter according to your charts zoom level)
5. Parameters for coloring the blocks.
- Alerts. It is possible to enable on Screen Alerts, Message Alerts and/or E-Mail Alerts
- The indicator now has an (optional) fibonacci marker. It helps to avoid false signals because you always know at which price level you actually are. Wether you are a trend or a counter-trend trader you can use the red and green area to avoid false signals.
it is recommended to only trade signals if the candle just left the colored area so you have enough space for the trade to evolve. This way you avoid trading in sideway markets.