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Orycs Trend Detector

ORYCS TREND DETECTOR technical indicator tells you the trading direction. It is a unique tool with several advantages allowing the trader to apply numerous trading techniques and risk management methods based on trend, regardless of the timeframe.

  • The indicator can be applied to any strategy.
  • May be used as a filter for high probability signals.
  • Works in any market, in any direction, and in any timeframe.
  • May also be used to pinpoint stop placement.

The indicator performs the following tasks:

  • Detection of price trends, UPWARD TREND and DOWNWARD TREND.
  • When a bullish trend has most likely begun, the indicator displays the text "UPWARD TREND" preceded by a Green Arrow.
  • When a bearish trend has most likely begun, the indicator displays the text "DOWNWARD TREND" preceded by a Red Arrow.

Settings

  • Monday_hour_start allows users to set the start time from Monday and turn the Expert Advisor ON. The default value is 0 or midnight.
  • Friday_hour_start allows users to set the end time on Friday and turn the Expert Advisor OFF. The default value is 23 or 11 pm.
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