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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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Comentarios 1
Dhany Esperanza
632
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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Filtro:
Dhany Esperanza
632
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
6311
Respuesta del desarrollador ALEKSANDR SHUKALOVICH 2021.07.09 12:30
Thanks for your review.
Respuesta al comentario
Versión 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.
Versión 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).
Versión 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.
Versión 1.3 2021.02.01
Added possibility to test correlations at strategy tester.
Versión 1.2 2021.01.31
Added short form of message for trend power notification.
Added placement of arrow for trend power notification signal.
Versión 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).