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Dow trend bands

This indicator is not only for trading but also for learning, thanks to it, you can learn to identify trend, support and resistance.


You've probably heard about the Dow trend theory, where higher highs and higher lows indicate an uptrend, and lower highs and lower lows indicate a downtrend. This indicator determines this trend based on the Dow Theory. You just need to enter a number representing the number of candles between extremes. The optimal solution is the number 3 (H1 TF), unless you want to have the trend from M5 but you're on M1, then you need to multiply this number by 5.
Additionally :
-Sound alert on trend change.
-Alert Notification
-Alert Notification on your mobile phone



Check various combinations to trade with the trend.


On the screenshot, you can also see the "Dow Histogram," which shows the trend in a different way.
Check my other indicators.
The indicator does not repainting, is set to refresh every minute, which means it refreshes after the first tick in each new minute.


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Trend Edges
Mariusz Piotr Rodacki
The "Trend Edges" indicator determines whether the trend is rising or falling. It is suitable for any time frame (tested on DAX). The indicator should be treated like Bollinger Bands, meaning that if it breaks out upwards, you can buy with a stop loss below the lower edge. Find a trending pair, index or CFD. Additionally : -Sound alert on trend change. -Alert Notification -Alert Notification on your mobile phone Check my other indicator "Trend Edges histogram"
FREE
Donchian channels are a tool in technical analysis used to determine the relative volatility of a market and the potential for price breakouts. Can help identify potential breakouts and reversals in price, which are the moments when traders are called on to make strategic decisions. These strategies can help you capitalize on price trends while having pre-defined entry and exit points to secure gains or limit losses. Using the Donchian channel can thus be part of a disciplined approach to manag
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MA Search 3
Mariusz Piotr Rodacki
This indicator allows you to overlay three different moving averages on the chart simultaneously. Each of these moving averages has additional settings such as: -Time frame -Shift -MA method -Applied price Using this indicator, you can easily set up three moving averages and find the one that suits you the best. You can also use this indicator to determine the trend when the moving averages cross.
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Trend Edges Histogram
Mariusz Piotr Rodacki
This indicator is an addition to "Trend Edges." The "Trend Edges histogram" indicator determines whether the trend is rising or falling. It is suitable for any time frame (tested on DAX). Find a trending pair, index or CFD. Additionally : -Sound alert on trend change. -Alert Notification -Alert Notification on your mobile phone Check my other indicators.
FREE
Comfort zone signal
Mariusz Piotr Rodacki
The " Comfort Zone Signal " indicator identifies a daily zone that, when broken, has a high probability of the market continuing the established trend . Upon signal, the indicator calculates stop loss and take profit, which can be set by you. You can also set the trend. If the price is above the MA, it looks only for long positions, if below, it looks only for short positions. You can choose to ignore the moving average and display all signals. Additionally, you have the risk percentage d
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Dow Histogram v1
Mariusz Piotr Rodacki
You've probably heard about the Dow trend Theory, where higher highs and lows indicate an uptrend, and lower highs and lows indicate a downtrend. This indicator determines this trend based on the Dow Theory. You just need to enter a number representing the number of candles between extremes. The optimal solution is the number 3, unless you want to have the trend from M5 but you're on M1, then you need to multiply this number by 5. Check various combinations to trade with the trend. In the scree
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Crossover MA Histogram
Mariusz Piotr Rodacki
The Cossover MA Histogram indicator is a simple tool showing the trend based on crossover of moving averages. Simply specify two mobving averages and addicional parameters like MA method and Applied price. When fast MA is above slow MA the histogram is green, indicating an uptrend. When MA fast is below MA slow the histogram is red, indicating an downtrend.
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Kombajn Signal
Mariusz Piotr Rodacki
The indicator still has a few bugs but is ready for testing. This is my first indicator that determines entry and exit points. The entry point is based on breaking the peaks determined by a channel indicating highs and lows (invisible channels). TP1 is a probable target at which most positions can be closed. The channel determining the opening and closing of positions is based on different assumptions. The red stop loss line is determined based on lows and highs. The stop loss can be adjusted
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This indicator is a histogram showing the trend based on 3 different moving averages. When all averages are set in ascending order, the indicator is green, and when in descending order, it is red. If the averages do not show a trend, the color is yellow. Additionally, each average can have different settings, such as Mode MA and Price MA. You can also set an alert and receive notifications on your phone. To enable the alert and push notification, you need to activate them first in the MT4 setti
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Version 2.0 2024.01.01
Added
-Sound alert on trend change.
-Alert Notification
-Alert Notification on your mobile phone