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Trender is an easy-to-use signal trend indicator. In addition to the main line that displays the current trend, there are additional lines of the boundaries of the trading range, as well as signal icons. The indicator provides alerts in the form of alerts and email messages when new signals appear. The indicator does not redraw. It is recommended to use it on timeframes from M15 and higher. It is not recommended to use the indicator signals during periods of low volatility due to the increasing number of false signals.

The main signals of the indicator in case of a probable trend change are displayed by arrows and are accompanied by an alert.

Additional signals are displayed as dots of the corresponding color and appear in the overbought and oversold state of the market. These signals can be used to open additional positions on the trend and close positions in a certain market state. In addition, as additional trading signals, you can use the rebound from the boundaries of the trading range.

  • Mperiod – the period for calculating the main lines of the indicator,
  • Dperiod – period for calculating additional indicator signals,
  • Deviation-the deviation coefficient for the boundaries of the trading range,
  • Count – the number of bars on which the indicator will be calculated,
  • Upcolor – the color of the uptrend and buy signals,
  • Dwncolor – color of the downtrend and sell signals,
  • Devcolor – color of the trading range border lines,
  • Alert_On – general activation of alerts,
  • Advanced_alert-enable alerts when additional trading signals appear,
  • Alert_Message-enabling text alerts,
  • Alert_Sound-enabling an audio alert,
  • Alert_Email-enable email alerts (this requires pre-configuration of the MT4 terminal).
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