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Trend Reader Indicator MT5

5

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Trend Reader Indicator is a revolutionary trading indicator designed to empower forex traders with the tools they need to make informed trading decisions. This cutting-edge indicator utilizes complex mathematical calculations and the Average True Range (ATR) indicator to identify and highlight the initiation of new uptrends and downtrends in the forex market. With its intuitive visual cues and real-time alerts, Trend Reader Indicator is a must-have tool for traders seeking an edge in the dynamic world of currency trading.

MT4 version of Trend Reader Indicator: https://www.mql5.com/en/market/product/105412

Key Features:

  • Trend Detection: Trend Reader Indicator excels at identifying the beginning of new trends in the forex market. It provides traders with clear and precise signals for both uptrends and downtrends.
  • Visual Representation: The indicator draws a visually appealing line on the chart, enhancing your ability to spot trends quickly. The line changes color to blue for uptrends and red for downtrends, ensuring clarity in trend direction.
  • Arrows for Direction: To further simplify trend identification, Trend Reader Indicator includes directional arrows. These arrows point in the direction of the prevailing trend, making it easy for traders to grasp market sentiment at a glance.
  • Buy and Sell Signals: The indicator offers real-time BUY and SELL signals, enabling traders to execute their trades with confidence. These signals are generated based on a combination of technical indicators and mathematical models, enhancing the accuracy of your trading decisions.
  • ATR Integration: Reader Indicator leverages the Average True Range (ATR) indicator, a well-respected volatility measurement tool, to fine-tune its trend detection. This integration helps traders gauge market volatility and make informed decisions accordingly.
  • Push Notifications: Stay connected to the market, even when you're away from your trading station. Trend Reader Indicator is equipped with push notification functionality, ensuring that you receive timely alerts on your mobile device. Never miss a trading opportunity again.

Trend Reader Indicator Benefits:

  • Increased Profit Potential: By accurately identifying new trends and providing timely buy and sell signals, Trend Reader Indicator helps traders capitalize on market movements, potentially leading to higher profits.
  • Reduced Risk: With its robust trend detection capabilities, this indicator aids traders in minimizing risk by avoiding trades against the prevailing trend.
  • User-Friendly: Trend Reader Indicator is designed with user-friendliness in mind. Its intuitive interface and clear visual cues make it accessible to traders of all experience levels.
  • Time-Saving: Say goodbye to manual trend analysis and constant chart monitoring. Let Trend Reader Indicator do the heavy lifting, allowing you to focus on strategy development and execution.

In the ever-evolving world of forex trading, having the right tools can make all the difference. Trend Reader Indicator empowers traders with its advanced trend detection capabilities, visual clarity, and real-time alerts. Whether you're a novice or an experienced trader, this indicator is your key to staying ahead of the market trends and making more informed trading decisions.

Start trading with confidence today by adding Trend Reader Indicator to your trading toolkit and unlock the potential for greater profitability while reducing risk in your forex trading endeavors.

Trend Reader Indicator Settings

  • ATR_Period - Average True Range indicator period
  • Precision - Integar value which define the precision of the indicator. It must be adapted visually to different pairs or instruments.
  • Alerts - true/false - when true the indicator alerts BUY and SELL signals. When false the indicator will not alert anything.
  • Send_Push_Notifications - true/false - when true the indicator will send BUY and SELL signals to the mobile devices. When false it will not send anything.
  • Prefix - The abreviation of the indicator. the default value is "TRI".


If you like my product, please write a review! I will be very grateful!

You can check out my other products in my profile! 

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Recensioni 2
moreno bocchetti
241
moreno bocchetti 2023.12.07 13:15 
 

acquistato ottimo indicatore ottimo supporto grazie Darz

Darz
2717
Darz 2023.11.02 13:17 
 

Love the product and support i always get from this developer!!

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Unlock key market insights with automated support and resistance lines Special Offer: Purchase now to receive free bonuses worth $89! (Read more for details) Tired of plotting support and resistance lines? This is a multi-timeframe indicator that detects and plots supports and resistance lines in the chart with the same precision as a human eye would. As price levels are tested over time and its importance increases, the lines become thicker and darker, making price leves easy to glance and ev
X3 Chart Pattern Scanner MT5
Young Ho Seo
5 (4)
Indicatori
Introduction to X3 Chart Pattern Scanner X3 Cherart Pattern Scanner is the non-repainting and non-lagging indicator detecting X3 chart patterns including Harmonic pattern, Elliott Wave pattern, X3 patterns, and Japanese Candlestick patterns. Historical patterns match with signal patterns. Hence, you can readily develop the solid trading strategy in your chart. More importantly, this superb pattern scanner can detect the optimal pattern of its kind. In addition, you can switch on and off individu
FxaccurateLS
Shiv Raj Kumawat
Indicatori
WHY IS OUR FXACCCURATE LS MT5 THE PROFITABLE ? PROTECT YOUR CAPITAL WITH RISK MANAGEMENT Gives entry, stop and target levels from time to time. It finds Trading opportunities by analyzing what the price is doing during established trends. POWERFUL INDICATOR FOR A RELIABLE STRATEGIES We have made these indicators with a lot of years of hard work. It is made at a very advanced level. Established trends provide dozens of trading opportunities, but most trend indicators completely ignore them!
VTrende Pro
Andrii Diachenko
5 (1)
Indicatori
VTrende Pro - MTF indicator for trend trading with a display panel for MT5 *** Videos can be translated into any language using subtitles (video language - Russian) Although the signals of the VTrende Pro indicator can be used as signals of a full-fledged trading system, it is recommended to use them in conjunction with the Bill Williams TS. VTrende Pro is an extended version of the VTrende indicator. Difference between Pro version and VTrende: - Time zones - Signal V - signal 1-2 waves
TPA True Price Action MT5 Indicator
InvestSoft
5 (10)
Indicatori
TPA True Price Action indicator reveals the true price action of the market makers through 100% non-repainting signals strictly at the close of a candle! TPA shows entries and re-entries, every time the bulls are definitely stronger than the bears and vice versa. Not to confuse with red/green candles. The shift of power gets confirmed at the earliest stage and is ONE exit strategy of several. There are available now two free parts of the TPA User Guide for our customers. The first "The Basics"
PZ Swing Trading MT5
PZ TRADING SLU
5 (4)
Indicatori
Protect against whipsaws: revolutionize your swing trading approach Special Offer: Purchase now to receive free bonuses worth $159! (Read more for details) Swing Trading is the first indicator designed to detect swings in the direction of the trend and possible reversal swings. It uses the baseline swing trading approach, widely described in trading literature. The indicator studies several price and time vectors to track the aggregate trend direction and detects situations in which the market i
IVISTscalp5
Vadym Zhukovskyi
5 (5)
Indicatori
What's new about iVISTscalp5 forecast indicator (Version 10)? iVISTscalp5 is a unique nonlinear forecasting for a week ahead system for any financial instrument which executes fast scalping using time levels. iVISTscalp5 is a tool for easy study and understanding of financial market. 1) iVISTscalp5 forecast indicator has been completely rewritten into another programming language (C++), which has accelerated data loading and processing. As a result, a different graphical display of forecast
Dragon Multi Indicator MT5
Mansour Babasafary
5 (5)
Indicatori
3 Indicators in 1 indicator Strategy based on price action Made specifically for the best forex currency pairs Can be used in the best time frame of the market at a very reasonable price This indicator is basically 3 different indicatos . But we have combined these 3 indicators in 1 indicator so that you can use 3 indicators at the lowest price. All three strategies are based on price action. But based on different trends. Long term, medium term and short term Attributes : No repaintin
The iChannels
BeeXXI Corporation
5 (1)
Indicatori
Ultra-fast recognition of parabolic channels (as well as linear, horizontal and wavy channels) throughout the depth of history, creating a hierarchy of channels. Required setting: Max bars in chart: Unlimited This indicator is designed primarily for algorithmic trading, but can also be used for manual trading.  This indicator will have a very active evolution in the near future and detailed descriptions on how to apply to create robots
Matreshka
Dimitr Trifonov
5 (1)
Indicatori
Matreshka self-testing and self-optimizing indicator: 1. Is an interpretation of the Elliott Wave Analysis Theory. 2. Based on the principle of the indicator type ZigZag, and the waves are based on the principle of interpretation of the theory of DeMark. 3. Filters waves in length and height. 4. Draws up to six levels of ZigZag at the same time, tracking waves of different orders. 5. Marks Pulsed and Recoil Waves. 6. Draws arrows to open positions 7. Draws three channels. 8. Notes support and re
Price Action Finder Multi MT5
Siarhei Vashchylka
5 (5)
Indicatori
The Price Action Finder Multi indicator is an indicator of entry points that searches for and displays Price Action system patterns on dozens of trading instruments and on all standard time frames: (m1, m5, m15, m30, H1, H4, D1, Wk, Mn). The indicator places the found patterns in a table at the bottom of the screen. By clicking on the pattern names in the table, you can move to the chart where this pattern is located. Manual (Be sure to read before purchasing) | Version for MT4 Advantages 1. Pa
Elliott Wave Trend MT5
Young Ho Seo
4 (3)
Indicatori
Elliott Wave Trend was designed for the scientific wave counting. This tool focuses to get rid of the vagueness of the classic Elliott Wave Counting using the guideline from the template and pattern approach. In doing so, firstly Elliott Wave Trend offers the template for your wave counting. Secondly, it offers Wave Structural Score to assist to identify accurate wave formation. It offers both impulse wave Structural Score and corrective wave Structure Score. Structural Score is the rating to sh
Altri dall’autore
Infinity Trader EA MT5
Lachezar Krastev
4.82 (22)
Experts
PROMOTION: BUY 1 GET 1 FREE! --> Buy Infinity Trader EA with -50% OFF + 1 FREE EA! NOTE: Promo price: $247 ( Regular Price: $497) - The offer ends soon!  For more info about the promotion and possible free EAs, contact me! Infinity Trader EA seamlessly integrates the strengths of Chat GPT and Gemini AI , providing unparalleled market insights and in-depth fundamental analysis. It actively adapts to ever-changing market conditions, identifying statistically significant price patterns with remark
Infinity Trader EA
Lachezar Krastev
5 (6)
Experts
PROMOTION: BUY 1 GET 1 FREE! --> Buy Infinity Trader EA with -50% OFF + 1 FREE EA! NOTE: Promo price: $247 ( Regular Price: $497) - The offer ends soon!  For more info about the promotion and possible free EAs, contact me! Infinity Trader EA seamlessly integrates the strengths of Chat GPT and Gemini AI, providing unparalleled market insights and in-depth fundamental analysis. It actively adapts to ever-changing market conditions, identifying statistically significant price patterns with remarka
Forex GOLD Investor
Lachezar Krastev
4.42 (33)
Experts
PROMOTION: BUY 1 GET 1 FREE! --> Buy Forex GOLD Investor with -50% OFF + 1 FREE EA! NOTE: Promo price: $247 ( Regular Price: $487) - The offer ends soon!  For more info about the promotion and possible free EAs, contact me! Forex GOLD Investor is one of the best expert advisors developed to trade on GOLD(XAUUSD) in the forex market. Forex GOLD Investor consists of 2 trading systems . The first one is based on scalping trading strategy and the second system has time based dependency which opens
GOLD Scalper PRO
Lachezar Krastev
4.6 (25)
Experts
PROMOTION: BUY 1 GET 1 FREE! --> Buy GOLD Scalper PRO with -50% OFF + 1 FREE EA! NOTE: Promo price: $197 ( Regular Price: $397) - The offer ends soon!  For more info about the promotion and possible free EAs, contact me! GOLD Scalper PRO is a fully automated trading system which takes much of the work out of trading, leaving you free to do other things! You should not be fooled by the low price – GOLD Scalper Pro is a very effective and profitable trading strategy, professionally developed es
GOLD Scalper PRO MT5
Lachezar Krastev
4.45 (20)
Experts
PROMOTION: BUY 1 GET 1 FREE! --> Buy GOLD Scalper PRO with -50% OFF + 1 FREE EA! NOTE: Promo price: $197 ( Regular Price: $397) - The offer ends soon!  For more info about the promotion and possible free EAs, contact me! GOLD Scalper Pro  is a very effective and profitable trading strategy, professionally developed especially for trading  GOLD (XAUUSD) . I have used the most proven trading principle since the market exist – namely a position entry in the direction of a distinctive market impuls
News Scope EA Pro MT5
Lachezar Krastev
5 (1)
Experts
PROMOTION: BUY 1 GET 1 FREE! --> Buy News Scope EA PRO with -50% OFF + 1 FREE EA! NOTE: Promo price: $157 ( Regular Price: $327) - The offer ends soon!  For more info about the promotion and possible free EAs, contact me! For Settings, Instructions and LIVE Results Click Here! News Scope EA PRO is a fully automated trading system which takes much of the work out of trading, leaving you free to do other things! News Scope EA PRO is a very effective and potentially highly profitable strategy for
News Scope EA PRO
Lachezar Krastev
3.9 (10)
Experts
PROMOTION: BUY 1 GET 1 FREE! --> Buy News Scope EA PRO with -50% OFF + 1 FREE EA! NOTE: Promo price: $157 ( Regular Price: $327) - The offer ends soon!  For more info about the promotion and possible free EAs, contact me! For Settings, Instructions and LIVE Results Click Here! News Scope EA PRO is a fully automated trading system which takes much of the work out of trading, leaving you free to do other things! News Scope EA PRO is a very effective and potentially highly profitable strategy for
Forex Trend Detector
Lachezar Krastev
5 (6)
Experts
PROMOTION: BUY 1 GET 1 FREE! --> Buy Forex Trend Detector with -50% OFF + 1 FREE EA! NOTE: Promo price: $247 ( Regular Price: $487) - The offer ends soon!  For more info about the promotion and possible free EAs, contact me! For Settings, Instructions and LIVE Results Click Here! Forex Trend Detector is an automated trading strategy which is developed to follow the money… or "follow the market impulse" resulting in reliable and consistent performance. I built Forex Trend Detector on a trading s
Forex GOLD Investor MT5
Lachezar Krastev
4.67 (55)
Experts
PROMOTION: BUY 1 GET 1 FREE! --> Buy Forex GOLD Investor with -50% OFF + 1 FREE EA! NOTE: Promo price: $247 ( Regular Price: $487) - The offer ends soon!  For more info about the promotion and possible free EAs, contact me! Forex GOLD Investor is one of the best expert advisors developed to trade on GOLD(XAUUSD) in the forex market. Forex GOLD Investor consists of 2 trading systems . The first one is based on scalping trading strategy and the second system has time based dependency which opens
Omega Trend Indicator MT5
Lachezar Krastev
Indicatori
The Omega Trend Indicator is an advanced tool that has been specifically designed to detect market trends early, and follow them efficiently. The indicator draws two lines. The main (thicker) Trend Line represents the presumed lower or upper volatility limits of the current market trend. A break in the main Trend Line indicates a potential reversal or shift in the movement of the trend. The Trend Line also indicates the best point to place a stop loss order. In Omega Trend Indicator, the Trend L
FREE
BF Scalper PRO MT5
Lachezar Krastev
5 (2)
Experts
PROMOTION: BUY 1 GET 1 FREE! --> Buy BF Scalper PRO with -50% OFF + 1 FREE EA! NOTE: Promo price: $197 ( Regular Price: $397) - The offer ends soon! Don't miss! For more info about the promotion and possible free EAs, contact me! For Settings, Instructions and LIVE Results Click Here! BF Scalper PRO is the professional version of the very popular EA - BF Scalper EA. We have implemented a lot of new additional features and systems in this PRO version, in order to improve its overall performance
Omega Trend Indicator
Lachezar Krastev
4.69 (29)
Indicatori
The Omega Trend Indicator is an advanced tool that has been specifically designed to detect market trends early, and follow them efficiently. The indicator draws two lines. The main (thicker) Trend Line represents the presumed lower or upper volatility limits of the current market trend. A break in the main Trend Line indicates a potential reversal or shift in the movement of the trend. The Trend Line also indicates the best point to place a stop loss order. In Omega Trend Indicator, the Trend L
FREE
MACD Trend EA
Lachezar Krastev
4.5 (2)
Experts
MACD Trend EA is based on the popular forex indicator MACD (Moving Average Convergence Divergence). It is fully automated trading expert advisor and completely FREE!  As the name suggests, this expert advisor uses a trend-following strategy and uses the MACD indicator to detect the beginning of uptrends and downtrends. MACD Trend EA Top Features - Trend Following Strategy - Money Management - Advanced Exit System + TP and SL  - Trailing Stop System - Broker protection System - Custom Magic
FREE
BF News Trader EA
Lachezar Krastev
4.25 (8)
Experts
BF News Trader EA is the most advanced FREE tool for high impact news trading on the market. Usually, when a major news event occurs, the price spikes in one or both directions and this creates an opportunity for short-term scalping. If the magnitude of the price movement is big enough, the trader could gain 20, or in some rare cases even more than 100 pips in a few seconds. Of course, nothing is perfect and the liquidity issues in such high volatility moments could lead to spread increase, exe
FREE
BF Scalper PRO
Lachezar Krastev
4.05 (56)
Experts
PROMOTION: BUY 1 GET 1 FREE! --> Buy BF Scalper PRO with -50% OFF + 1 FREE EA! NOTE: Promo price: $197 ( Regular Price: $397) - The offer ends soon! Don't miss! For more info about the promotion and possible free EAs, contact me! For Settings, Instructions and LIVE Results Click Here! BF Scalper PRO is the professional version of the very popular EA - BF Scalper EA. We have implemented a lot of new additional features and systems in this PRO version, in order to improve its overall performance
Forex Trend Detector MT5
Lachezar Krastev
5 (15)
Experts
PROMOTION: BUY 1 GET 1 FREE! --> Buy Forex Trend Detector with -50% OFF + 1 FREE EA! NOTE: Promo price: $247 ( Regular Price: $487) - The offer ends soon!  For more info about the promotion and possible free EAs, contact me! For Settings, Instructions and LIVE Results Click Here! Forex Trend Detector is an automated trading strategy which is developed to follow the money… or "follow the market impulse" resulting in reliable and consistent performance. I built Forex Trend Detector on a trading s
Omega Trend EA
Lachezar Krastev
4.63 (8)
Experts
PROMOTION: BUY 1 GET 1 FREE! --> Buy Omega Trend EA with -50% OFF + 1 FREE EA! NOTE: Promo price: $197 ( Regular Price: $397) - The offer ends soon!  For more info about the promotion and possible free EAs, contact me! Signal Account:  https://www.mql5.com/en/signals/1914271 For Settings, Instructions and additional LIVE Results Click Here! Omega Trend EA is a fully automated trading system which takes much of the work out of trading, leaving you free to do other things! Omega Trend EA is a pro
Trend Matrix EA MT5
Lachezar Krastev
Experts
PROMOTION: BUY 1 GET 1 FREE! --> Buy Trend Matrix EA with -50% OFF + 1 FREE EA! NOTE: Promo price: $197 ( Regular Price: $397) - The offer ends soon!  For more info about the promotion and possible free EAs, contact me! Trend Matrix EA is more than just a forex robot; it's your key to mastering the art of trend-following trading. Developed to excel in the fast-paced and ever-changing forex markets, this expert advisor for MetaTrader 4 and 5 terminals is designed to spot and capitalize on trends
Flex Recovery EA
Lachezar Krastev
Experts
Flex Recovery EA is meant to be almost all the time in the game – everything, but not a boring strategy. It is a countertrend strategy taking trades on the borders of a market volatility channel, combined with highly effective loss compensating algorithm. This strategy is suitable for traders with high risk profile … do not forget that “highly profitable – low risk strategy” is an oxymoron concept. If you want to beat the market at any coast, you must be all in, using aggressive money management
FREE
Market Insider
Lachezar Krastev
3.55 (11)
Indicatori
Market Insider is an excellent indicator for scalping the trend and also trading market breakouts and reversals. It is based on a ATR measured volatility channel and the CCI indicator. The green trend line and green bars indicates an uptrend and the red trend line and red bars indicates a downtrend. An intensive price breakout of some of the trend lines indicates a market breakout and a potential new opposite trend. In choppy-range behaving market and in low liquidity conditions the breakout sig
FREE
Trend Power Bot
Lachezar Krastev
2.56 (9)
Experts
Trend Power Bot is a unique combination between highly efficient breakout detecting algorithm and very effective drawdown compensation money management. The money management could be considered a martingale, but used with low risk, the strategy survives 20+ years trading with acceptable drawdown. The default /safe/ risk is 0.2% (0.02 lots per $10k account equity) and this is extremely safe. However, if you decide to try your luck, you can bump the risk up to 1% (0.1 lot per $10k account equity)
FREE
Bollinger Bands Tunnel EA
Lachezar Krastev
3.5 (2)
Experts
Bollinger Bands Tunnel EA is a free expert advisor developed with the idea to be useful for traders who love to trade using the popular indicator Bollinger Bands. Bollinger Bands Tunnel EA has very simple trading logic. It trades inside of the Bollinger Bands indicator. When the price crosses the Bollinger Bands upper line and reverses, the EA opens a SELL position. When the price crosses the Bollinger Bands lower line and reverses then the EA opens a BUY position. The algorithm of closing the
FREE
Smart Scalper PRO
Lachezar Krastev
4 (15)
Experts
PROMOTION: BUY 1 GET 1 FREE! --> Buy Smart Scalper PRO with -50% OFF + 1 FREE EA! NOTE: Promo price: $197 ( Regular Price: $397) - The offer ends soon!  For more info about the promotion and possible free EAs, contact me! Smart Scalper PRO is a fully automated trading system which takes much of the work out of trading, leaving you free to do other things. Smart Scalper PRO is the professional version of the popular scalper BF Smart Scalper EA with a lot of new features/systems and improvements.
Trend Reader Indicator
Lachezar Krastev
Indicatori
PROMOTION: BUY 1 GET 1 FREE! --> Buy Trend Reader Indicator with -50% OFF + 1 FREE EA! NOTE: Promo price: $147 ( Regular Price: $297) - The offer ends soon!  For more info about the promotion and possible free EAs, contact me! Trend Reader Indicator is a revolutionary trading indicator designed to empower forex traders with the tools they need to make informed trading decisions. This cutting-edge indicator utilizes complex mathematical calculations and the Average True Range (ATR) indicator to
Trend Matrix EA
Lachezar Krastev
Experts
PROMOTION: BUY 1 GET 1 FREE! --> Buy Trend Matrix EA with -50% OFF + 1 FREE EA! NOTE: Promo price: $197 ( Regular Price: $397) - The offer ends soon!  For more info about the promotion and possible free EAs, contact me! Trend Matrix EA is more than just a forex robot; it's your key to mastering the art of trend-following trading. Developed to excel in the fast-paced and ever-changing forex markets, this expert advisor for MetaTrader 4 and 5 terminals is designed to spot and capitalize on trends
Smart Scalper PRO MT5
Lachezar Krastev
5 (9)
Experts
PROMOTION: BUY 1 GET 1 FREE! --> Buy Smart Scalper PRO with -50% OFF + 1 FREE EA! NOTE: Promo price: $197 ( Regular Price: $397) - The offer ends soon!  For more info about the promotion and possible free EAs, contact me! Smart Scalper PRO is the PRO version of the popular scalper BF Smart Scalper EA with a lot of new features/systems and improvements. Smart Scalper PRO is based on the most proven trading principle since the markets exist – enter the market in the direction of a strong market i
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moreno bocchetti
241
moreno bocchetti 2023.12.07 13:15 
 

acquistato ottimo indicatore ottimo supporto grazie Darz

Darz
2717
Darz 2023.11.02 13:17 
 

Love the product and support i always get from this developer!!

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