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MT4 Indicator TrendPlus

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$150.00

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TrendPlus - multitimeframe indicator caclulates trend signals on different timeframes and displays it all together on the current chart.

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TrendPlus - multitimeframe indicator caclulates trend signals on different timeframes and displays it all together on the current chart.

Rows represent timeframes, Columns represent bars. The column named 'Average' represents final trend signals you can use to trade.
 
 
There are 5 types of trend signals: 
  1.  Strong Up Trend,
  2. Weak Up Trend,
  3. Weak Down Trend,
  4. String Down Trend,
  5. Flat.
 
Strong Up Trend condition:
 Close > Open and (Close - Open) > StrongTrend.BarPcnt * (High - Low)
 
Weak Up Trend condition:
 Close > Open and (Close - Open) > WeakTrend.BarPcnt * (High - Low)
 
Weak Down Trend condition:
 Close < Open and (Open - Close) > WeakTrend.BarPcnt * (High - Low)
 
Strong Down Trend condition:
 Close < Open and (Open - Close) > StrongTrend.BarPcnt * (High - Low)
 
Flat condition:
The rest
 
 
Average column calculated by smoothing of all row value.
 
There are 4 types of smoothing:
  1. Simple moving average
  2. Exponential moving average
  3. Smoothed moving average
  4. Linear weighted moving average
 
Sound/Popup/Email alerts are available in extended version of the indicator.   Indicator TrendPlus Options Description

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