https://mt-algorithm.com/en/indicator/2


1 INDICATOR EX4 UNLOCKED / MSIMG32.DLL


Trend following indicator for Forex and Commodities

Trend direction indicator mt4 that offers instant trend signals for Forex and Commodities. It shows two different arrows in a chart, blue is signaling a bullish trend and red is signaling a bearish trend. EasyTrendFollower is a trend following strategy very powerful at detecting and tracking the trend while effectively filtering small price movements that represent intermediate corrections but without threatening the underlying trend.

Features

  • The indicator does not repaint and works on any timeframe and symbol.
  • The indicator is suitable for scalping and intraday trading.
  • Real-time alerts system, push alerts, email alerts, and visual on-screen alerts.

Parameters

  • Bars - Number of bars for the indicator calculation.
  • Deviation - The strength of volatility (TO INCREASE FOR THE MOST VOLATILE CURRENCY PAIRS).
  • Sound Alert - Message box alerts.
  • Email Alert - Email alerts.
  • Mobile Alert - Mobile phone alerts.
  • Enable Dashboard - Display the information panel on the screen.

Recommendations on usage

Preferred Time Frames : H1, H2, H3, H4. The blue arrow can be used for opening a buy trade. Vice versa for short trades. It is not recommended to open a trade at every arrow. It is advisable to trade using a multi-timeframe to determine the trend direction in the longer term and focus ONLY on signals that move in that direction. The idea is to use a "positioning time unit" (the shortest), and a "trend definition time unit" (the longest).

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EASY TREND FOLLOWER v2.0

  • $35.00


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