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In which direction should I trade today? For “TREND followers”, we need to determine the
TREND
.

This indicator determines the Trend based on the price High, Low and Close of every bar, for a given period and timeframe. Calculating
and plotting the Trend UP and Trend DOWN lines.

If the: 

  • “Trend UP” line (Green) is above the “Trend DOWN” line (Red), then it is a BULLISH Trend (see “Screenshots” tab).
  • “Trend DOWN” line (Red) is above the “Trend UP” line (Green), then it is a BEARISH Trend (see “Screenshots” tab).

 

As input, you select a timeframe to determine the Trend (variable TIMEFRAME_period). Eg. if you trade on a M15
Chart, you can select a higher timeframe like H1 (4x higher is appropriate), to determine the Trend. So basically, on a M15 Chart you will see
the H1 Trend without having to switch to another Chart window.

Works on any instrument being Forex, Indices, Commodities, Stocks etc.

Works on any instrument being Forex, Indices, Commodities, Stocks etc.


Input Parameters

  •  Number of Bars to calculate: predefined value to reduce
    performance impact on the hardware.
     Adjust it accordingly to view more or less historic data.
  • TIMEFRAME_period : Timeframe to determine the trend. You need to select a
    timeframe higher or equal to the current one.
Read More...


Output Buffers
 

  • Buffer 0  : Trend UP value 
  • Buffer 1  : Trend DOWN value


Note:

Soon to be released, a
more advanced and fully featured
Trend indicator named “TSI Trend Stepper”. Where
specific TREND entry zones
are plotted in different colors, for both Long and Short positions. More details coming soon …

“The Trend is your friend, trade with it, not against it”.

“The Trend is your friend, trade with it, not against it”.

Our Useful Features & Services

Published

28 April 2020

Updated

02 May 2020

Current Version

2.0

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Aleksandr Tamonin February 16, 2021 7:32 am
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He recognizes the popularity actions very well, thanks to the author.

skyfall2014 February 16, 2021 7:32 am
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This sort of great task! Cheers!