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VTrende Pro MT4 – MTF indicator for trend trading with display panel for MT5

!!! – Detailed description in Russian under the video (on Youtube) – !!!

Although the signals of the VTrende Pro indicator can be used as signals of a full-fledged trading system,
it is recommended to use them in conjunction with the Bill Williams vehicle.

VTrende Pro MT4 is an extended version of the VTrende indicator. The difference between the Pro version and VTrende:
– Time zones
– Signal V – signal 1-2 waves

The indicator signal appears in two variants:

The indicator shows two types of signals:

  • Basic – F1/F2
  • Correction signals – C (filtered and unfiltered)
  • Time zones – the duration of the pulse waves

Types of signals

  • The F1 signal is a signal of long-term trends, as a rule, determines an impulse movement that will develop smoothly, gradually gaining strength and speed, forming impulse waves
  • The F2 signal is a signal of rapid/explosive movements and sharp impulses (shots), which can end quickly, forming an Angulation.
  • The C – filtered signal is a corrective movement signal that appears when the price follows the Alligator.
  • Signal C is unfiltered, it is a correction movement signal that appears against the direction of the Alligator.
  • Signal V – The main task of the signal is to determine the areas of change in the direction of movement (waves 1-2) in those areas where there is no signal F1/ F2

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The strongest F1/F2 signals will appear after:

Wave counting and Wave marking

  • By default, for the F1/2 signal, the indicator uses a signal level line with a duration of 140 candles, which allows you to see the time and level of the signal, as well as the duration of the signal in relation to a certain part of the wave cycle.
  • In some cases, the indicator allows you to accurately determine the beginning of a five-wave cycle, forming a sequence of 3 F1/F2 signals.
  • With the help of the Alligator and the AO indicator of the Bill Williams system, it is possible to filter out false F1/F2 signals, which will be false and at the same time accurately determine the correction wave. Such signals will be false and traded in the opposite direction.

Fibo grid and indicator

  • The levels for the output can be determined by the FIBO grid stretched over the signal level and the nearest peak on the fractal
  • For the F1 signal, you can hold targets from 161.8 – 421
  • For the F2 signal, you can keep the targets at 161.8 / 261.8
  • When a new wave or signal occurs, the fibo targets change accordingly and are determined in relation to the new signal.

What is important to know:

  • F1/F2 signals can be signals of a certain part of the impulse part of the trend movement of the higher timeframe. Therefore, you can look for F1/F2 signals on the lower TFe, in the direction of the older one. At the same time, goals can also be determined by the signal of the older timeframe.
  • Signal stop levels F1/F2 – can be used as output/input levels
  • If the signal turned out to be false, you can trade from the level of its stop by simply flipping the position.
  • The gray line on the chart is the stop line for the F1/F2 signal. It can be set by the number of candles from the signal.

The indicator settings allow you to:

  • Monitor the current or specified number of assets
  • Include/Disable any signal on the chart or panel
  • Receive Alerts for a given signal or combination of signals
  • Get an Alert for the specified timeframes

Detailed description in Russian under the video (on Youtube)

**** Features of working in the MT5 terminal ****

When working with the VTrende indicator in the MT4/MT5 terminal, there may be a moment when there are no signals on the chart, but they are in the panel. This means that there is not enough history (number of bars/candles), while the number of candles set in the setting: Number of bars in history (charts) exceeds the number of candles on the chart.

There are two solutions to the problem in this case:
1) Upload history (data)
2) Choose a value for “Number of bars in history (charts)”

This problem is more inherent in the MT5 terminal.


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