The Trend Magic Alarm indicator shows the trend direction, as well as notifies you of a trend change with an audio notification and a pop-up notification. The blue dots on the chart indicate an uptrend, and the red dots indicate a downtrend.
The indicator is used in the Trend Magic Expert Advisor.
- Counter – the number of bars to calculate
- PowerSet – proximity of trigger points to bars
- DotSize – the size of the displayed points
The colors of the dots can be changed.
The indicator works on all charts, includes the functions of an audio notification and a pop-up notification of a trend change, as shown in the screenshot.