Trend indicator.

An interesting version of the script for determining the trend direction, allows you to automatically determine the direction of price movement for a currency pair on all available time frames.

The trend indicator carries out analysis not only on different time periods, but also using various methods of technical analysis.

The work uses such tools as indicators RSI and CCI, moving average, the trader also receives information about the direction of the trend on the last bar and about the price gaps that have occurred.

Download trend indicator .

The indicator is installed as usual; after launch, a square window with many multi-colored arrows appears

currency pair Time intervals are indicated at the top of the window, although for some reason not in the usual direction, from left to right in ascending order, but vice versa from right to left.

The name of the tools with which the analysis was carried out goes vertically, for example, you need to find out what the RSI indicator shows for a 15-minute time frame. Select the arrow at the intersection of RSI and M15.

Using a trend indicator in trading.

It is advisable to open trades if on the working time frame all Forex indicators give signals in the same direction, this is an ideal entry option, but you can also use the readings of three adjacent time periods.

The trend indicator has additional settings, a full description of which you can find in the download archive.

It is advisable to change the distance between the signal arrows during installation; this will make the information display more legible.

You can also change some other parameters used in the analysis - price (close; open; high; low), the market research method itself.