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Indicators

Alpha Trend Spotter Free - indicator for MetaTrader 4

Andy Ismail | English Русский Español Deutsch 日本語
Published by:
Andy Ismail
Views:
45487
Rating:
(33)
Published:
2015.03.26 12:19
Updated:
2019.08.26 16:36
Download as ZIP, How to download code from MetaEditor
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Real author:

Andy Ismail

This is an indicator for finding the strongest trend each day, suitable for intraday trading or a swing trading.


How to use:

  1. RED BAR means Bearish Trend for the next candle;
  2. GREEN BAR means Bullish Trend for the next candle;
  3. ORANGE BAR means Sideways Trend for the next candle.

Example:

If we are using D1 timeframe, see the last BAR. If the bar is RED BAR, open short/sell for today.

If we are using H1 timeframe, see the last BAR. If the bar is GREEN BAR, open long/buy until next hour.

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