Trendy Stocks

Trendy Stocks

The algorithm allows you to stay longer in a trend where the bulls or bears are in control.

The indicator changes color immediately the price exits oversold/overbought state.

In short, the downtrend [red] bars start to paint when the buying pressure decreases while the uptrend [green] bars form as the buy pressure kicks in.

  For MT4 version, follow :: https://www.mql5.com/en/market/product/68129

Advantages

• Allows you to stay longer in a trend

• Does not repaint closed bars.

• Works with any timeframe

• Not oversensitive to medium price fluctuations.

• Works with any broker

How to use

•  Buy when first Green bar closes. Re-enter the trend when price deeps and starts to retreat during the green state.
•  Sell when first Red bar closes. Re-enter the trend when price deeps and starts to retreat during the red state.

Ideal for the following:

EURUSD

GBPUSD

USDCAD

USDCHF

GBPCHF

EURGBP

AUDUSD

CADCHF

NZDCHF

AUDNZD

AUDCAD

NZDCAD

EURNZD

GBPAUD

EURAUD

EURCAD

HEATING_OIL

GASOLINE

_TELCOM_IT

XRUSD

XLMUSD

MIOTASUSD

NOTE: The indicator works ONLY with the instruments whose quote is below 5 such as the ones that are listed above, otherwise, the indicator WILL NOT display.

• K% Period. For Best results, use values between 25 - 100.
• D% Period. Use values between 1 - 3
• Slowing.  Use values between 1 - 3
• Method.  Any works fine
• Applied Price.  Any works fine