The Identify Trend ELITE indicator is a professional version of the popular Identify Trend indicator, which uses twelve different averaging algorithms (developed by the author), which, together with the cluster filtering that complements them, provide optimal filtering of false signals.

              Indicator Identify Trend ELITE, as well as Identify Trend, allows a very precise and, most importantly, with low latency to establish the optimal entry point into position, and also the beginning of a true trend movement and transitions from the trend of flat and flat on trend that can be used for trading strategies for scalpers, so when using long-term trading strategies.

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              Identify Trend ELITE uses the following filters

   1)    XC=XF – XS SMMA

   5)    SMA  without lag    (SMAWL),

   6)    EMA  without lag   (EMAWL),

   7)    SSMA without lag   (SSMAWL),

   8)    LWMA without lag (LWMAWL),

   9)    ISMA,

   10)   IEMA,

   11)   ISSMA,

   12)   ILWMA,  

where x is the history points, <... > – averaging procedure, > IMA-iterative moving average, the algorithms of which, with the exception of non-lagging averages (which are the author’s KNOW-HOW), are presented in detail in the last screenshot.   

              The indicator readings are clear, extremely simple and do not require comments. The blue line of the indicator indicates an uptrend, the gold line indicates a flat, and the red line indicates a downtrend. Accordingly, the entry points for Buy, when the red or gold line is replaced by blue, and for Sell-on the contrary, when the blue or gold line is replaced by red.

              Possible moments of changing the direction of the price movement are also marked with arrows, which are never redrawn under any circumstances. 

              The indicator calculates and displays the StopLoss position lines calculated based on the current price probability distributions and the selected StopLoss order closing probability level before the trend reversal.

            The indicator also has a built-in money management function, where you can calculate the lot size based on the accepted risk level, the deposit size and the StopLoss position .

              The indicator has all types of alerts. The alert is activated when the indicator’s indications match (for the direction of the trend).)  on the last two bars.

             A cheaper, but less functional, version of the Identify Trend PRO indicator. 

The indicator settings.

• Price type – The price type. Values: Close price, Open price (default), High price, Low price, Median price ((high low)/2), Typical price ((high low close)/3), Weighted price ((high low 2*close)/4).
• The averaging method – The averaging method.  Values:  XC=XF – XS SMMA (default), XF=*SMMA, XS=/SMMA, XM=(Max({x}) Min({x}))/2,  SMAWL, EMAWL,  SSMAWL, LWMAWL , ISMA, IEMA,  ISSMA, ILWMA .
• The averaging period – The averaging period. Any integer (3 by default).
• The display method –  Method for displaying information. Values: Show only arrows (by default), Show lines and arrows, Show only lines.
• Show StopLoss lines?  Show linesStopLoss? Values: true (default), false.
• Line (arrows) thickness. The thickness of the lines (arrows). Any integer (2 by default).
• Trend DOWN line color=Red – The color of the downtrend line.
• Trend UP line color= Aqua – The color of the uptrend line.
• FLAT line color=Gold – The color of the flat line.
• Trend DOWN arrow color=Magenta  –  The arrow is the beginning of a downtrend.
• Trend UP arrow color=Lime  –  The arrow is the beginning of an uptrend.
• The Signal method – A type of notification about a trading signal. Values:  No, Send alert, Print (in expert), Comment (in chart), Sound Print, Sound Comment, Sound, Push Comment, Push,  Mail Comment, Mail.
• The probability of triggering StopLoss P_sl – The probability of closing an order byStopLoss until the trend reverses. Any real number from 0 to 1 (0.05 by default).
• Calculate the lot size from the risk, deposit and P_sl? – Calculate the lot size based on the risk, the deposit and the probability of closing the order byStopLoss? Values: true, false (default).  
• Deposit in $ – the amount of the deposit in dollars ($5000 by default).
• Allowable losses in % – Acceptable losses as a percentage of the deposit (2% by default).          

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