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Trend Power for MT5

5

Trend Power Indicator is an indicator which helps to identify trend direction and its power by using moving averages ZigZag pattern and correlations of tradable instruments. It provides trend power data with user-friendly interface which can be read easily and fast.

 

This indicator by default is configured for trading of Adam Khoo's (Piranhaprofit) strategies. It saves mass of time for searching of tradable pairs by his strategies. It indicates when all required moving averages are alignment (Price > 6EMA > 18EMA > 50EMA > 200SMA and so on). Also, it indicates number of correlated pairs by moving averages alignment.

 

Trend Power Indicator supports many powerful features:

  • Trend direction identification by moving averages alignment at trading timeframe and higher timeframe;
  • Trend power identification by moving averages alignment at trading timeframe and higher timeframe;
  • ZigZag Pattern identification (Higher high and higher low for bullish and opposite for bearish);
  • Correlation identification by moving averages alignment of correlated pairs;
  • Calculating amount of total correlated pairs (base and quote);
  • Calculating amount of total correlated pairs with base currency;
  • Calculating amount of total correlated pairs with quote currency;
  • Calculating of trend power scores;
  • Powerful notification system by Email, Mobile Push and MT4 Alert Window;
  • Unlimited scaling of indicator visual objects for better viewing;
  • Support of high resolution (4K) screens;
  • User – friendly interface;


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Take profit!


Reviews 1
Dhany Esperanza
598
Dhany Esperanza 2021.01.21 14:48 
 

Very useful MTF indicator if you are a trend trader, also useful if looking for pullback in direction of the trend. Included correlation analysis is icing to the cake, adds up to the trend confidence.

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The MA Bounce Strategy is a strategy that seeks to long FX pairs on a strong uptrend as they bounce off their MA support and shorting FX pairs on a strong downtrend as they bounce off MA resistance. The best suitable periods of moving averages for that strategy are 18, 30, 50. This indicator helps to identify and find place for potential market entry by MA bounce strategy.  More information about  MA Bounce Strategy can be read by this link  https://www.mql5.com/en/blogs/post/743037 .  By defau
Currency Strength Meter is the easiest way to identify strong and weak currencies. This indicator shows the relative strength of 8 major currencies + Gold: AUD, CAD, CHF, EUR, GBP, JPY, NZD, USD, XAU. Gold symbol can be changed to other symbols like XAG, XAU etc. By default the strength value is normalised to the range from 0 to 100 for RSI algorithm: The value above 60 means strong currency; The value below 40 means weak currency; This indicator needs the data of all 28 major currency pairs
Trend Power for MT4
ALEKSANDR SHUKALOVICH
4 (1)
Trend Power Indicator is an indicator which helps to identify trend direction and its power by using moving averages ZigZag pattern and correlations of tradable instruments. It provides trend power data with user-friendly interface which can be read easily and fast.   This indicator by default is configured for trading of Adam Khoo's ( Piranhaprofit ) strategies. It saves mass of time for searching of tradable pairs by his strategies. It indicates when all required moving averages are alignment
Currency Strength Meter is the easiest way to identify strong and weak currencies. This indicator shows the relative strength of 8 major currencies + Gold: AUD, CAD, CHF, EUR, GBP, JPY, NZD, USD, XAU. Gold symbol can be changed to other symbols like XAG, XAU etc. By default the strength value is normalised to the range from 0 to 100 for RSI algorithm: The value above 60 means strong currency; The value below 40 means weak currency; This indicator needs the data of all 28 major currency pair
News Scalping Executor is an advisor which helps to trade news with high impact and huge volatility. This advisor helps to create two opposite orders with risk management. It moves automatically stop loss level to avoid losses as much as possible by using many different algorithms. It helps to avoid trading the news if spread suddenly becomes very huge. To be profitable with this type of trading you should choose the most volatile types of news such as: GDP, CPI, Unemployment Claims, Intere
News Scalping Executor Pro is an advisor which helps to trade news with high impact and huge volatility. This advisor helps to create two opposite orders with risk management and profit protection. It moves automatically stop loss level to avoid losses as much as possible by using many different algorithms. It helps to avoid trading the news if spread suddenly becomes very huge. It can lock profit by moving stop loss or partially closing of orders. To be profitable with this type of trading
Currency Strength Meter is the easiest way to identify strong and weak currencies. The indicator shows the relative strength of 8 major currencies: AUD, CAD, CHF, EUR, GBP, JPY, NZD, USD. By default the strength value is normalised to the range from 0 to 100 for RSI algorithm: The value above 60 means strong currency; The value below 40 means weak currency; The indicator is created and optimized for using it externally at an Expert Advisors or as a Custom Indicator inside your programs. For
Chart State Saver for MT4 is utility which helps to save states of all your charts even if they will be closed. And then all saved charts' states can be easily loaded back to charts. It stores templates for each particular currency pair and automatically applies them to charts once they will be opened at next time. Also they can be applied to the charts by your own needs. Thus you can close any chart at your MT4 without scaring to lose chart's data like drawls, messages, chart styling and so
The MA Bounce Strategy is a strategy that seeks to long FX pairs on a strong uptrend as they bounce off their MA support and shorting FX pairs on a strong downtrend as they bounce off MA resistance. The best suitable periods of moving averages for that strategy are 18, 30, 50. This indicator helps to identify and find place for potential market entry by MA bounce strategy. Read   More information about  MA Bounce Strategy . By default MA Bounce Strategy indicator is configured for trading of M1
News Scalping Executor is an utility which helps to trade high impact and huge volatility   news . This utility helps to create two opposite orders with risk management and profit protection. It moves automatically stop loss level to avoid losses as much as possible by using many different algorithms. It helps to avoid trading the news if spread suddenly becomes very huge. It can lock profit by moving stop loss or partially closing of orders. To be profitable with this type of trading you sh
News Scalping Executor Pro is an utility which helps to trade high impact and huge volatility news . This utility helps to create two opposite orders with risk management and profit protection. It moves automatically stop loss level to avoid losses as much as possible by using many different algorithms. It helps to avoid trading the news if spread suddenly becomes very huge. It can lock profit by moving stop loss or partially closing of orders. To be profitable with this type of trading you
Currency Strength Meter is the easiest way to identify strong and weak currencies. This indicator shows the relative strength of 8 major currencies + Gold: AUD, CAD, CHF, EUR, GBP, JPY, NZD, USD, XAU. Gold symbol can be changed to other symbols like XAG, XAU etc. By default the strength value is normalised to the range from 0 to 100 for RSI algorithm: The value above 60 means strong currency; The value below 40 means weak currency; This indicator needs the history data of all 28 major curren
Chart State Saver for MT5 is utility which helps to save states of all your charts even if they will be closed. And then all saved charts' states can be easily loaded back to charts. It stores templates for each particular currency pair and automatically applies them to charts once they will be opened at next time. Also they can be applied to the charts by your own needs. Thus you can close any chart at your MT5 without scaring to lose chart's data like drawls, messages, chart styling and so
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Dhany Esperanza
598
Dhany Esperanza 2021.01.21 14:48 
 

Very useful MTF indicator if you are a trend trader, also useful if looking for pullback in direction of the trend. Included correlation analysis is icing to the cake, adds up to the trend confidence.

ALEKSANDR SHUKALOVICH
6246
Reply from developer ALEKSANDR SHUKALOVICH 2021.07.09 12:30
Thanks for your review.
Reply to review
Version 1.20 2024.01.26
Improved logging.
Improved performance by recompiled product with new MQL compiler.
Log level set to Error by default.
Updated contact information.
Version 1.11 2022.02.25
Loading of indicator even if it is added on chart with not supported symbol.
Loading of indicator even if symbols for notifications are not supported (just skipping if these symbols).
Version 1.10 2022.02.23
Added multiple symbols monitoring for trend power notifications.
Added trading timeframe information to notifications.
Added new log level "Disabled" which disables logging.
Refactoring and other minor improvements.
Version 1.3 2021.02.01
Added possibility to test correlations at strategy tester.
Version 1.2 2021.01.31
Added short form of message for trend power notification.
Added placement of arrow for trend power notification signal.
Version 1.1 2021.01.16
Added notification system.
Improved loading of indicator state while adding indicator on chart, timeframe switching etc.
Improved algorithm for getting symbols for correlation calculation.
Fixed loosing of trend power score for bullish trend if calculated values for fast trend power moving average and slow trend power moving average are equal.
Ignoring correlation for symbol if base and quote currencies are equal (sometimes broker returns equal value for base and quote).