Trend Meter MT5

Trend Meter MT5

Very powerful indicator! converted from TradingView with upgraded alerts and added notifications.  Ideal use in EAs.

Use as a supplementary Indicator to confirm your entries, but it is as good on it's own.
The indicator consists of 3 different Trend Meters and a  2 Trend Bars which are used to confirm trend

How to Use:

The more Trend meters are lit up the better =>> 
 -more GREEN COLOR at one bar means more confirmation to open buy trade,
- more RED COLOR signals for one bar = more confirmation for sell

INPUT OPTIONS
-there are 3 dot trends and 2 bar trends. Then all of these are combined into 2 main dot trends at the top

First two input parameters show :

WT = Wave Trend Filtered by Trend = shows signal when all 8 different 'moving average' calculations confirms same market trend 
(*! WT takes longer time to load or sometimes fails to load at start(adding indicator to chart) => try changing timeframe few times until WT shows output on desired chart)

TM = All 3 Trend Meters Align = shows signal when all 3 'dot trends' show same new aligned trend
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options for dot trend:
1. MACD cross 12_26_9
2. MACD cross 8_21_5
3. Mom and Dad cross TopDogTrading
4. RSI signal line cross-RSI 13 signal 21
5. RSI 13_50
6. RSI 5_50
7. Trend Candles
8. MA cross
(9. turn off)
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options for bar trend:
1. MA cross (ma1 & 2 for topbar, ma3 & 4 for bottom bar)
2. MA direction - fast - MA1 and MA2
3. MA direction - slow- MA1 and MA2
4. MA direction - fast - MA3 and MA4
5. MA direction - slow- MA3 and MA4
(6. turn off)

after that there are options for these 4 different MA calculations

Alerts: -are sending clear BUY or SELL signal after selected rules shows colors match
-turn on/off
-notifications on/off = mobile app alerts
Alert Combination: - these settings affect how many rules have to be passed in order to send alert:
-WT = wave trend must be active (this is supporting or main rule)
-TM = all 3 plots must change into same color (this is  MAIN SIGNAL and should be the main alert, or the only one active)
-2 bars = bars must have the same color (this is supporting rule = cannot be the only one active)
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*If all 3 rules are active, every indicator output must be the same color in order to generate alerts

Supporting Indicators:
rsi1 parameters
rsi2 parameters
macd1 parameters
macd2 parameters

Note: it is very resource heavy indicator for metatrader so I wouldn't recommend using on more than 5 charts at the same time.