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Waterfall Trend Indicator MT5

35 USD

Demo downloaded: 29

Published: 8 January 2023

Current version: 1.0

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Waterfall Trend Indicator MT5

Indicators
Zhi Xian Hou
Version: 1.0
Activations: 20

The Waterfall Trend Indicator MT5 uses line regression algorithm, using "Waterfall" in its name is in that it like waterfall when there is a strong down market trend. The indicator draws seven lines, one of which is sold line, others are dash line, the sold line is more stable.

Indicator introduction

The indicator can effectively filter price noise since it is calculated with line regression.
It can be used to analyze market trend and design new expert that is based on trend. When the trend line is up ,its color is magenta, when the trend line is down, its color is spring green. When the seven lines are uniform adhesion upward or downward divergence, we can expect that there will be a big probability of forming a strong market trend.
It can also be used to design expert advisor that is based on mean reverting strategies, when the price is too far away from the sold trend line, usually the price will return to the line.
The indicator can send emails, alerts and notifications to you when the sold trend line direction is changed, if the trend has changed from down to up or up to down, the indicator will send the "symbol+period+Trend Up/Down+current time" messages to you.
It applies to any timeframes and any symbols.

Indicator parameters

Sound Name: The alert sound file name, which must be located in the "...\drive_c\Program\Files\MetaTrader5\Sounds\alert.wav" folder.
Repetitions: The number of alert/email/notification repetitions when every time to inform you.
Pause, in seconds: The pause between two consecutive alerts/emails/notifications.
Use Sound: flag, whether or not to play the system sound.
Use Alert: flag, whether or not to use alert reminder.
Use Send mail: flag, whether or not to use email reminder.
Use Send notification: flag, whether or not to push messages to mobile phone.

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Indicator Introduction: The indicator comes from network ,It is more stable relative to RSI or CCI. You can set the indicator to send emails/notifications/alerts when the previous bar has an up or down arrow, you can specify the text of emails by inputing string into the parameter box of "UpMessages/DownMessages". It can be used to analyze market trend and design new expert that is based on trend. If the indicator below the axis ,this is a buy zone. The trend indicator is suitable for M1 and ab

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Indicator introduction: The indicator draws trend line and histogram, It has small price lag, and has no future functions, the signals will not drift. When the market is under inter-area oscillations, If the indicator appears red and green histogram, this is a low price zone, if the indicator appears magenta and yellow histogram , this is a high price zone. It can also be used to analyze market's trend according to the high and low price zone. The indicator can send emails, alerts and notifica

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Indicator introduction: The indicator draws wave lines and histograms, It has small price lag, and the signal will not drift. The indicator can send emails, alerts and notifications to you when previous k line has an up arrow and it is under the histogram sections or it has a down arrow. you can choose whether or not to send the two kind of alerts, the alerts repetition times can also be changed. If the indicator appears red and green histograms, this is a buy zone. It can be used to analyze mar

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Indicator introduction: The indicator is calculated by volumes and prices, It is a single side indicator, only has up arrow signals. It is better to use it in conjunction with other trend indicators, and you need to find the most efficient time to use it in order to acquire a high winning probability. The indicator can send emails, alerts and notifications to you when the indicator before k line has an up arrow. The indicator's parameters can be changed, including the computation period of the

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Indicator Introduction The indicator is designed according to moving average formulas, which is more stable and has less lag than RSI or CCI. The indicator has three indicator values, the moving average period and the colors of the line can be manually changed. What can this indicator brings to you? Accurate entry signals: The indicator draws up and down arrow signals. Multi-period trend analysis: Loading this indicator into a large timeframe chart and a small timeframe chart, the effect of

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