FOREX INDICATOR easy trend
indicator Easy Trend Visualizer
Easy Trend Visualizer MetaTrader Indicator - "a simple visualizer trends", this indicator does exactly what its name indicates. It shows where the trend begins and ends and where the trend is not at all. It is based on standard indicators ADX (Average Direction Movement Index) up and running pretty quickly. Easy Trend Visualizer displays in the main chart window. Available for MT4 platform and MT5.
- ADXperiod1 (default = 10) - during the first indicator ADX.
- ADXperiod2 (default = 14) - during the second indicator ADX.
- ADXperiod3 (default = 20) - during the third indicator ADX.
Unfortunately, this indicator is redrawn at the current bar, so it can not be used to enter the position on the current bar. Previous bars not redrawn and can be used as signals for the input. Although this is a fairly accurate indicator, it also generates many false alarms. But with moderate levels of stop-loss can be avoided serious losses. It is also important to leave the position immediately at the end of a trend.EasyTrendVisualizer.mq4