The Trend Catcher indicator consists of two parts — arrows and stop-loss levels. The arrows are the main part of the indicator, and it is on them that the transaction is opened. Stop loss levels can be used as a filter to search for a signal or as a trailing signal.

The indicator does not redraw.

You can easily write an Expert Advisor based on the indicator.

MT4 indicator version:

• Opening a buy trade if the Trend Catcher shows an up arrow.
• Opening a sell trade if the Trend Catcher shows a down arrow.
• The indicator is very well suited for renko charts
• Stop loss levels can be used instead of trailing stops.
• It is advisable to select the input parameters individually for each pair
• The indicator works best on trend pairs: GBPUSD, USDJPY, AUDUSD…
• Recommended timeframe: H1 and higher
• You can use the Expert Advisor parameters: UseAlert, UsePush, and UseMail to notify you when a signal appears

• DrawingArrows – if true, the arrows are drawn, if false, the arrows are not displayed.
• PeriodArrows – period of arrows
• PeriodFastMA – the period of the fast moving average
• ShiftFastMA – shift of the fast moving average
• MethodFastMA-fast moving average method
• PeriodSlowMA – the period of the slow moving average
• ShiftSlowMA – shift of the slow moving average
• MethodSlowMA-Slow Moving Average method
• DrawingSLLevels – if true, then draw stop loss levels, if false, then stop loss levels are not displayed
• PeriodATR – the period of the ATR indicator, according to which stop loss levels are drawn
• MultiplierATR-multiplier of the ATR value
• UseAlert – if true, an Alert is triggered when the arrow appears
• UsePush – if true, a Push message is sent when the arrow appears
• UseMail – if true, when the arrow appears, an email is sent to your email address

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The parameters of the fast moving average and slow moving average are used in the indicator to filter the arrows and directly affect their location on the chart.

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