Trendiness Index MT5
"The trend - each trader". This is one of the most famous sayings in
trading, because the correct definition of a trend can help
earn. However, easier said about trading with the trend, what to do,
because many of the indicators are based on the price reverses, rather than on an analysis of
trend. They are not very effective in determining the trend of periods or
determining whether this trend will continue.
We have developed an indicator Trendiness Index, to try
solve this problem. The indicator determines the strength and direction of the price
trends. Increasing this value indicates a strong trend, and
bar color indicates the trend (green = up = red
down). bar color darkens when trend strength begins to fade, and
It becomes gray at the end of a trend.
Indicator Trendiness Index It works well with the product choppiness Index,
they are like two sides of the same coin. Choppiness Index - omni-directional
indicator, uses different algorithms to determine the force
to the flat / trending markets.
Trading Strategy (see screenshots)
Short-term:
- Enter the market when the indicator Trendiness Index shows a strong trend and direction (color bar)
- Be careful when Trendiness Index shows Ember
trend (dark color bars). At a conservative strategy in this case,
It can be out of the market, but we can and continue to hold the position
with continued price movement - Out market when Trendiness Index shows the end of a trend (gray bar)
Long-term:
- Enter the market when the indicator Trendiness Index shows a strong trend and direction (color bar)
- Stay in the market before the appearance of the opposite color bar (red - call, the green - put), then exit
additional details
- You can adjust the sensitivity Trendiness Index indicator
pomoschtyu with standard deviation parameters and threshold percent - For best results, use Trendiness Index indicator with trend lines and traditional patterns
alerts
You can customize the notification email, message or sound
an alert for the following events. Please note that for
Use e-mail notifications, you must configure
recipient and SMTP in MetaTrader 4 settings.
- Trendiness Index shows a strong rising or falling trend
- Trendiness Index shows a weakening trend (exhaustion)
- Trendiness Index changes from trending period Detrended
Options
- Calculation period (default = 14) - the number of bars to calculate the indicator
- Use smoothing - the use of anti-aliasing
- Calculation period for standard deviation (default = 14) - calculating the number of bars for standard deviation trend borders
- Standard deviation threshold (default = 1.5) - number of standard deviations to determine trends borders
- Calculation period for percentile (default = 50) - the number of bars to calculate the percentile to determine the trend
- High percentile threshold (Default = 0.75) - percentile values to determine a trend
- Allow alerts True = alerts are enabled, false = off
- Alert on beginning of trend - notification when the indicator Trendiness Index shows the beginning of a trend (color bar)
- Alert when trade fades - notification when the indicator shows the trend Trendiness Index depletion (dark bar)
- Alert when trend over (below trendy threshold) - notification trend at a value below the limit (gray bars Detrended period)
- Turn on alerts message - message
- Turn on alerts sound - sound notification
- Turn on alerts email - email alert
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