Re: Trend Indicators for MT4
Posted: Fri Jun 18, 2021 12:18 am
Hello, I'm new to the community. I have downloaded this iTrend Averages indicator and have been studying it on the 1H and Daily charts. I have been searching for a couple days now through the forum trying to understand how to use this indicator, but the only detail I can find is about if the histogram goes above the line, that confirms a strong trend.mrtools wrote:Thu May 06, 2021 2:44 am Added t3 to the mix.
I am assuming when the histogram is blue and above 0.0, that's trending up, and red and above 0.0, that's trending down. Those seem to make sense from studying it so far, but I feel like there's a lot more that I am missing about understanding this indicator.
Also, when the histogram goes above the line, which I believe is supposed to signal a strong trend, my studying so far does not seem to correspond with that. It looks more often that not that this cross occurs at the peak/valley of the trend.
I have found detail guidance for other indicators, but not this one. Could someone please guide me to where I can find such information, and/or provide some details on how to use this indicator? It gets lots of positive responses, and would love to truly test it out the right way. Any help and or guidance would be much appreciated. Thank you in advance.