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TIL Trend Navigator for MT4

Trading Indicator Lab’s Trend Navigator for MT4 is an indicator that can help you reveal the underlying trends in any chart on any timeframe.

Determining Trends

It only takes a minute or two to analyze the indicator with its simple yet insightful methods of representing bullish, bearish and ranging price action across the chart. It forms a single line that runs in 3 directions:

  • Upward direction – represents a significant bullish price action
  • Horizontal direction – represents ranging price action or consolidation
  • Downward direction – represents a significant bearish price action

The indicator borrows the concept of Renko charts where upward and downward price action are shown to move at a single angle. This makes the indicator more intuitive and easier to read.

Support and Resistance

That’s not all. The Trend Navigator can also serve as a support or resistance line at any given point in the bar history. This is distinguished with the dual colors of the lines which alternates at each segment:

  • Support segment (green) – the segment acts as support where price moves above the line
  • Resistance segment (orange) – the segment acts as resistance where price moves below the line

Breakouts occur when the bar crosses above or below the Trend Navigator, at which point, its line changes color to signal the change of its role as a support or resistance level.

Alerts

Alerts are triggered when the Activate Alerts input is enabled in the indicator options. It monitors the following events:

Crossing Above/Crossing Below

  • Crossing above – when price crosses above the indicator’s green or yellow line
  • Crossing below – when price crosses below the indicator’s green or yellow line

Uptrending/Downtrending

  • Uptrending – when the indicator determines the beginning of a bullish trend shown when the indicator line shifts color from orange to green (the color may vary if the default plot colors are modified)
  • Downtrending – when the indicator determines the beginning of a bearish trend shown when the indicator line shifts color from green to orange (the color may vary if the default plot colors are modified)

The candlesticks that meet the criteria of the alert conditions must be confirmed (closed) first before prompting an alert message.

Inputs

  • Length – sets the number of bars the indicator analyzes at each execution
  • Support Segment Color – allows the user to change the color of the support segments. Its default color is green
  • Resistance Segment Color – allows the user to change the color of the resistance segments. Its default color is orange
  • Activate Alerts – allows the indicator to send alert messages on certain events
  • Activate Send Notifications – allows the indicator to send alert messages to the user’s mobile device if push notifications are configured in the MT4 terminal


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Septermber OFFER 85% OFF next price for unlimited version will be 2500$. This is the only time you can get this institutional and professional indicator at this price for unlimited version. Don't dare to miss this. The tool I am about to introduce to you you can't compare it with other tools due to its strategy and accuracy level in predicting the next price directional movement. This tool is designed for serious traders who have decided to make a difference through trading. Be the next person t
Dear Traders this is my another tool called " Swing Master Indicator ". As the name above the indicator is designed to help you in swing trading by capturing the low and highs of the price. You may us this tool with any trading strategy and style from scalping to position trading. It is made for level of traders including newbies and advanced traders even prop-firms, hedge funds and banks to help them make sold market analysis. I create tools for serious traders who want to make a difference in
This indicator is based on the Gann Signal indicator and acts as a market scanner. All you need to do is fill in the selected currency pairs in the settings and that’s it. Next, the indicator itself will view all these currency pairs and time frames from M5 to D1 simultaneously. When a new signal appears, the indicator will give you an Alert and also draw the letter N where this new signal will be.
Bars Deflection
Victor Golovkov
5 (1)
The Bars Deflection trend indicator can be used with any trading pair and on any time frame. With this indicator it is impossible to miss the beginning of a trend. Use Bars Deflection as a standalone strategy or as an addition to yours. Signal arrows appear on the chart at the moment the bar opens and are located at the breakout level of the reverse movement. Thus, the arrows not only indicate the possible direction of movement of the quote, but also act as levels for analyzing the placement of
The indicator is designed to work on any trading platform. The program is based on proprietary algorithms and W.D.Ganna's mathematics, allowing you to calculate target levels of price movement based on three points with the highest degree of certainty. It is a great tool for stock trading. The indicator has three buttons: NEW - call up a triangle for calculation. DEL - delete the selected triangle. DELS - completely remove all constructions. The probability of achieving the goals is more than 80
ADX Shark Scalper – The Ultimate Hybrid Indicator for Precision Scalping Dive into the markets with the ADX Shark Scalper , a powerful and versatile tool designed for traders who seek precision in every trade. This cutting-edge indicator seamlessly combines multiple advanced technical signals into one streamlined system, allowing you to spot good buy and sell opportunities with ease. At its core, the ADX Shark Scalper leverages the power of trend and momentum detection through the integration of
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Pivot Point is a technical indicator widely used by traders to predict major price movements by calculating various levels of support and resistance. Investopedia defines the pivot point as follows: A technical analysis indicator used to determine the overall trend of the market over different time frames. The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. On the subsequent day, trading above the pivot point is thought to indicate ongo
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Fibonacci retracement is one of the most reliable and used technical analysis tools for trading. It uses the so called “golden ratio” to predict certain levels of support (price movement reverses from downward to upward) and resistance (price movement reverses from upward to downward) which is a mathematical pattern seen through out nature and even the universe. Because so many traders make use of this trading strategy and watch these price levels, more often than not the Fibonacci levels become
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