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Trend Catcher with Alert MT5

FREE

Published: 27 July 2023

Current version: 2.5

Trend Catcher with Alert MT5

Name: Trend Catcher with Alert MT5
Rating: 4.629032 (62 reviews)
Author: Issam Kassas

4.63

Indicators
Issam Kassas
Version: 2.5
Updated: 22 March 2024

The Trend Catcher:

The Trend Catcher Strategy with Alert Indicator is a versatile technical analysis tool that aids traders in identifying market trends and potential entry and exit points. It features a dynamic Trend Catcher Strategy , adapting to market conditions for a clear visual representation of trend direction. Traders can customize parameters to align with their preferences and risk tolerance. The indicator assists in trend identification, signals potential reversals, serves as a trailing stop mechanism, and provides real-time alerts for prompt market responses.

Features:

Trend Identification: Signals bullish trend and bearish trend.
Trend Reversals: Alerts to potential reversals when colors of candles changes from bullish to bearish and vice versa.
Real-time Alerts: Generates alerts for new trend identification.

Recommendations:

Currencies and Pairs: EURUSD, AUDUSD, XAUUSD...
Timeframe: H1.
Accounts type: Any ECN, Low spread account

more...

Dtsplus 2024.09.11 20:07 #

good indicator 👍👍👍

Bartolo63 2024.09.08 12:09 #

super app

Zeuss Lightning 2024.08.18 21:15 #

This would make a banger EA. Love it!

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Filter:

kimptonm 2024.09.23 10:34 #

Very good most especially in H1 timeframe but the accuracy dwindles a bit in the M1 timeframe.

Dtsplus 2024.09.11 20:07 #

good indicator 👍👍👍

Bartolo63 2024.09.08 12:09 #

super app

Zeuss Lightning 2024.08.18 21:15 #

This would make a banger EA. Love it!

429

Donaldo Sande Angiela 2024.08.17 15:15 #

Great App

dabusi 2024.07.31 14:11 #

为什么我这边没有显示全面只有蓝红两个点怎么没有显示箱体呢

anto1234567 2024.07.25 08:34 #

I am new to forex. I found it a bit complicated. For example, candles are changing colors, I did not understand what this changing of colors mean. How to interpret it, If there is a user manual explaining all of this it would be great.

735

65638263 2024.07.11 01:20 #

User didn't leave any comment to the rating

Richardson Susan 2024.06.30 10:33 #

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Roopesh R 2024.06.12 03:43 #

Great indicator, but don't follow blindly as price action is king, sometimes you will see trend change and the indicator will give a buy/sell signal, but that would've been a manipulation move. You have to mark levels prior to trading and then use this indicator as confirmation. Infact you can use it for re-entry as price tends to revert after making a breakdown/breakout. When it is flat, the market is likely to consolidate. I found that you can use it as a dynamic support/resistance. Always remember, always trade with trend, but if you want to take a counter trade, go to lower time frame as the moves within a 4HR candle can give u the trade you're looking for. It can also help you from taking bad trades. If you have a bullish bias, the indicator might give you a bearish signal. So in that case, WAIT.....Patience is the only thing that will help you from going into a bad trade. You don't have to enter as soon as the market opens. I thank the creator of this indicator, you have done a great job of creating this indicator. It would be great if you could make a video of how you take trades based on this indicator, for eg: the time frame you use, and what to look for when entering a trade. This would be great for new traders and help them from blowing their account on the first few trades. Lastly, this is not a holy grail indicator. You cannot blame this indicator/creator, for market manipulation or price movements surrounding news or some other news events. Use this indicator for analysis and confirmation. Remember you are only as good as your last trade. Market is supreme, don't fight it, let this indicator show you what the bias is and take the trade in that direction. As for me, I start with 4hr, then go down to lower time frames and mark out my key levels. This indicator can help take trades when price reaches those levels. Some days the market is very much in a range and you cannot blame the indicator for giving mixed signals, because that is what the market is doing, giving both sellers and buyers mixed signals. In those events, just stay out of the market. There are some traders who can trade ranges, but most new traders will find it difficult to navigate. Once again thank you for this indicator.