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.
- 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.