https://mt-algorithm.com/en/indicator/2
1 INDICATOR EX4 UNLOCKED / 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).
