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Trend Fishing Indicator

4

The "Trend Fishing Indicator" is a powerful custom indicator designed to help traders identify potential trend reversal points and capitalize on market momentum. This indicator uses multiple moving averages of varying periods to evaluate short-term and long-term market trends. By comparing the short-term moving averages against the long-term ones, it generates clear buy and sell signals that can guide traders in making informed trading decisions.

Key Features:

  1. Multiple Moving Averages: Incorporates 12 different moving averages with customizable periods and methods (Simple, Exponential, etc.) to suit various trading strategies.

  2. Customizable Parameters: Users can adjust moving average periods and calculation methods through input parameters, allowing flexibility in adapting to different market conditions and trading preferences.

  3. Easy-to-Interpret: Uses visual aids such as filled areas between moving averages and simplifying the interpretation of trend directions.

  4. Efficient Calculation: Optimized for performance with efficient buffer handling and minimum computational load, ensuring smooth operation even on lower-specification trading platforms.

  5. User-Friendly Interface: Designed with a clean interface that integrates seamlessly into the MetaTrader 5 chart, making it accessible for traders of all experience levels.

  6. Comprehensive Documentation: Includes detailed documentation to assist users in setting up and optimizing the indicator for their trading strategies.

Usage Recommendations:

  • Trend Identification: Use TREND FISHING to identify primary trends based on the alignment of multiple moving averages.

  • Entry and Exit Points: Utilize buy and sell signals generated by the indicator when cross-over.

  • Confirmation Tool: Combine with other technical analysis tools to confirm signals and enhance trading decisions.

Compatibility:

  • Compatible with MetaTrader 5 platform.
  • Works on all timeframes and financial instruments (Forex, Stocks, Commodities, etc.).

Support:

For any inquiries or assistance regarding the usage or customization of TREND FISHING, please contact us via the MQL5 Market.




Reviews 1
vinokeke
35
vinokeke 2024.11.08 05:43 
 

Very brilliant indicator. Thanks for offering it free. Do you have any user guide and can you incorporate a buy and sell arrow with buffer values?

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ICT, SMC, SMART MONEY CONCEPTS, SMART MONEY, Smart Money Concept, Support and Resistance, Trend Analysis, Price Action, Market Structure, Order Blocks, BOS/CHoCH,   Breaker Blocks ,  Momentum Shift,   Supply&Demand Zone/Order Blocks , Strong Imbalance, HH/LL/HL/LH,    Fair Value Gap, FVG, Invert FVG, IFVG,  Premium  &   Discount   Zones, Fibonacci Retracement, OTE, Buy Side Liquidity, Sell Side Liquidity, BSL/SSL Taken, Equal Highs & Lows, MTF Dashboard, Multiple Time Frame, Big Bar, HTF OB, HTF
Auto Orderblock with Break of Structure MT5
Barend Paul Stander
4.6 (15)
Indicators
Auto Order Block with break of structure based on ICT and Smart Money Concepts (SMC) Futures Break of Structure ( BoS )             Order block ( OB )            Higher time frame Order block / Point of Interest ( POI )    shown on current chart           Fair value Gap ( FVG ) / Imbalance   -  MTF      ( Multi Time Frame )    HH/LL/HL/LH  -  MTF      ( Multi Time Frame )  Choch  MTF      ( Multi Time Frame )  Volume Imbalance     ,  MTF          vIMB Gap’s Power of 3 Equal High
MetaBands M5
Vahidreza Heidar Gholami
4.5 (2)
Indicators
MetaBands uses powerful and unique algorithms to draw channels and detect trends so that it can provide traders with potential points for entering and exiting trades. It’s a channel indicator plus a powerful trend indicator. It includes different types of channels which can be merged to create new channels simply by using the input parameters. MetaBands uses all types of alerts to notify users about market events. Features Supports most of the channel algorithms Powerful trend detection algorith
Market Reversal Alerts MT5
LEE SAMSON
4.64 (22)
Indicators
Profit from market structure changes as price reverses and pulls back. The market structure reversal alert indicator identifies when a trend or price move is approaching exhaustion and ready to reverse. It alerts you to changes in market structure which typically occur when a reversal or major pullback are about to happen. The indicator identifies breakouts and price momentum initially, every time a new high or low is formed near a possible exhaustion point. The indicator draws in a rectangle on
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vinokeke
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vinokeke 2024.11.08 05:43 
 

Very brilliant indicator. Thanks for offering it free. Do you have any user guide and can you incorporate a buy and sell arrow with buffer values?

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