Re: Trend Indicators

153
Simple trend (extended)

MLADEN : One more version of "simple trend" indicator - this version is extended with some additional controls that are monitoring short term trend and if the volatility is telling so,it can temporarily set the "Trend" of the "simple trend" to neutral state . that is when the line color is gray - like on the example picture - conversion period should always be shorter (much shorter) than the calculation period

PS: The standard version can also be found here: Simple Trend for MT4
Indicator is just a tool.

Use it only if it can benefit you. Leave it if you don't know how to use it optimally.




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