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Trendy Trader

Unlike a standard moving average, trendy traders unique algorithm will show you a less choppy signal resulting in a smoother and easier trend to follow thereby making your trading decisions more confident. 

Put simply when price moves above the average it signals a bullish trend and when price moves below the average it signals a bearish trend.

The trader is then given 2 levels of take profit and a stop loss on each new signal. It can also be added to other trend-following systems for better performance.

It will work on any timeframe and market its placed onto. 

Features : 

  • Does not repaint the signal everything is strictly signal on close of bar
  • Works on most timeframes and markets
  • Includes a main panel verifying how effective the strike rate of signals are
  • Includes a panel showing what the indicator is doing on other timeframes
  • Builds confidence by smoothing out market noise   
  • Integrated pop-up, email, push notification and sound alerts

    Settings : 

    Amplitude - The number of bars used to calculate rend
    Take Profit 1 - The distance from stop loss. Input as 0.2 means 20% of stop loss
    Take Profit 2 - As explained above
    Stop Loss - The co efficient, take profit levels are based upon   
    Bull Color - The color of arrow and line 
    Bear Color - The color of arrow and line 
    Take Profit Color - The color of take profit
    Stop Loss Color - The color of stop loss when hit
    Lookback - How far back in bars the signal is applied 

    How to trade this Indicator :

    After the indicator has realized a new signal look to the chart panel. There you will see two take profit prices and a stop loss price.

    Next enter your trade with these recommendations. When take profit 1 is reached you can either partially close the trade or move stop loss to break even.

    Next when take profit 2 is reached close out your trade. You should now have made some profits!


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    Experts
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    Version 1.1 2023.05.10
    1. Improved panel to include take profit and stop loss levels

    2. Added more detail to the chart. Such as take profit levels with profits and losses made on each trade now shown on chart