Displays the presence of a trend in the market, its magnitude, direction, and whether it is increasing. The indicator is useful for trend-tracking strategies. The indicator also informs you about the transition of the market from flat to a trend that can be an excellent entry point. You can enable the alert by checking the box directly on the chart.
It also includes a bonus in the form of indicators of the current spread and prices of supply and demand in large text with a color change when the price changes.
The input should be made when the indicator line is above the level of 100, i.e. it is not yellow, but the vertical bars of the histogram on the chart are the same color. The bars of the histogram appear when the direction is confirmed. Purple indicates a confirmed direction, but a weak trend. Green signals indicate buy/long, and red signals indicate sell/short. Do not open a trade when there are no bars.
Early entry: An early entry can be considered if there is a green/red histogram bar, but the indicator line remains yellow, or if the histogram bar is purple, but the indicator line is above level 100, i.e. green/red.
The alert is enabled using a check mark on the chart, by default, the check mark is placed in the lower left corner of the chart. The alert will trigger when the market moves from a flat to a trend. The panel displays the number of pips since the alert was triggered.
For the alert function to work, the chart with the indicator running must be open. The indicator can notify you with a pop-up message, playing an audio wav file, an email message, or a push notification.
The bonus spread indicator shows the current spread, the color of which may change if the spread value is too high. The current bid/ask price is also shown in large text. The price that goes up is colored green; the price that goes down is colored red, and the price that does not change is shown in yellow. The indicators are optional, fully configurable.