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Home » MT4 platform

Trend Power MT4

Trend Power MT4


$12.00 $15.00

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    Tags: Trend, Commercial, MT4, multi-currency, oscillators


The "Trend Power" indicator for Metatrader 4

A very powerful tool that analyzes the direction and the strength of the 8 major currencies: EUR, GBP, AUD, NZD, CAD, CHF, JPY, USD - both in real time, and on historical data. The indicator generates a sound signal and a message when a trend changes. Never repaints signal.

The strength of the signal is calculated for all pairs which include these currencies (28 pairs total), can have value from 0 to 6 on a bullish trend, and from 0 to -6 on a bearish trend.

So, you will never miss a good movement. By placing the indicator on a chart of one currency pair, you will be monitoring the trend of all 28 instruments.

 

How to interpret the currency strength readings:

(here is an example of a currency strength for a bullish trend, for bearish - the value will be negative)

  • 0-2 - currency in a sideways movement (flat)
  • 3-4 - currency in a good trend movement, optimal for trading
  • 5-6 - very strong trend, possible correction

The greater the difference between the two currencies, the stronger the trend of the currency pair that includes these currencies.

 

Usage example:

  1. Signal of intersection of the strength lines of two currencies - a signal of trend change. It allows to take a large portion of the trend, but false entries are possible when the market is in a flat or when it has rapid price fluctuations. It is recommended to wait for the rollback for confirmation.
  2. By current readings of the strength, without using a signal (more reliable method). In the current strength window find the strongest currency (the greatest positive value of the trend strength) and the weakest currency (the greatest negative value of the trend strength). As a rule, the instrument including these currencies is in a very strong trend. It is necessary to wait for the correction to enter.

 

Please note!

The indicator signals should not be directly used for market entries!

As a rule, a strong trend will have already developed by the time a signal appears, therefore it is necessary to wait for the rollback and enter the market at the current or smaller timeframe based on the data from the other indicators, for example the Trend Monitor indicator.

 

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Example Frame