The best trend indicator "Ultra wizard".
One of the best trend indicator options, Ultra Wizard, allows for a complete assessment of the trend, displays reversal probability data, and provides a wealth of additional information. It truly is the best trend indicator, as the information it provides provides a complete picture of the current Forex market trend.
Download the Ultra Wizard indicator.
The main advantage of the tool is that it uses algorithms of such well-known and proven indicators as Stochastic, MACD and some other scripts, which allows us to hope for the reliability of the data received.
After you have installed the indicator, you will need to configure its operation. This indicator has many customizable parameters, so I will not provide a detailed description of them in this article, but will add them to the archive with the program.
Key indicators:
1. The location is in the lower right corner, which is quite inconvenient if the market is in a downward trend, but you can adjust the chart scale or move it to a more convenient corner using the mouse.
2. Probability – the percentage probability of the trend continuing. Two notations can be used:
• LONG – indicates the presence of an upward trend, the name itself suggests concluding buy transactions.
• SHORT – indicates the dominance of a downward trend, in this case sell positions are opened.
Apparently the markings are made depending on the positions being opened – long or short.
In addition, next to this indicator there are several cubes, their color changes depending on the price movement on ticks: green - up, red - down.
3. Multi-Info – the directed effort can have both a plus and minus sign, the value of the indicator increases the probability of movement in the corresponding direction.
4. Index Strength – an indicator that characterizes the strength of a trend on a ten-point scale; the higher it is, the lower the probability of a reversal.
5. Currency Pair Range – is responsible for changing the range in which the price fluctuates, and can be used as a guide when trading on short time intervals.
6. Trend direction – the last two indicators indicate the direction of the trend based on data from the MACD and Stochastic indicators; they serve as filters for the underlying signals.
Ultra Wizard performed quite well during testing and earned a rating of 4 stars. It can be used to find the most convenient entry points into the market and to determine the direction of trades.
