TRF Alpha 2 AM Ind MT4
- Indicators
- Andriy Matviyevs'kyy
- Version: 1.0
- Activations: 5
A trend indicator that allows you to open a position at the very beginning of a significant price movement.
The most important qualities of the presented indicator are:
- The ability to follow the trend for as long as possible to obtain all potential profits;
- Minimization of potential losses when the trend reverses or a significant correction occurs.
The classic definition of a trend implies a certain sequence of peaks or troughs on the price chart, depending on its direction.
If the trend is upward, then each subsequent peak or trough should be higher than the previous ones.
A similar situation with a downward trend, where each new minimum or maximum should lie below the previous ones.
Any movement against the main trend is a correction.
The main idea of the presented indicator is to follow the trend at a certain distance, allowing you to ignore minor corrections that may occur within such a trend.
This method of following the trend is called the Trailing Reverse Filter.
The presented indicator is a variation of the Trailing Reverse Filter that uses the following parameters to evaluate corrections:
- Sensitivity based on the ATR (Average True Range) indicator;
- Smoothing based on the MA (Moving Average) shifted by a given number of periods.
The indicator allows you to notify the user about its signals by sending messages to the terminal and email.
The indicator does not repaint or recalculate.
Signals when working with the indicator:
appearance of a red dot above the price chart – possible start of a downward trend;
appearance of a green dot below the price chart – possible start of an upward trend;
line – S/R levels.
Configurable indicator parameters:
- Price_for_control - selection of the price type by which control overcoming of support/resistance lines is carried out;
- Sensitivity - indicator sensitivity to volatility (the higher, the less sensitive the indicator);
- Sensitivity_Coefficient - coefficient for indicator sensitivity to volatility (the higher, the more sensitive the indicator);
- H_L_Period - number of bars determined for forming indicator highs/lows (the higher, the less sensitive the indicator);
- Smoothing_Period - indicator smoothing;
- Smoothing_Shift - shift for indicator smoothing;
- Smoothing_Method - indicator smoothing method;
- SAR_Style - support/resistance levels display style;
- Trend_Style - trend line display style;
- Alerts - displays a dialog box containing information about the indicator signal;
- Send_Notification - sends a notification to mobile terminals whose MetaQuotes ID is specified in the settings window on the "Notifications" tab;
- Send_Mail - sends an email to the address specified in the settings window on the "Mail" tab.
