Hello community of forex-station!!!
I want to identify the current trend of a TF (Time frame) for example H1, I want to know if it is in an upward or downward trend or is in range.
In this way I execute operations in a lower TF (Time frame) for example M15 in trend identify, avoiding operations against the trend.
I appreciate very much the recommendations of you friends, also this question that I have can help many.
Greetings and thanks.
Re: Recommend me indicator to identify the current trend?
2TDI is the best i know.
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Re: Recommend me indicator to identify the current trend?
5Official Forex-station GIF animator at your service
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See a GIF with Forex-station.com on it? I probably made it
The best divergence indicator in the world.
Real news exists: Infowars.com
Re: Recommend me indicator to identify the current trend?
7I would not recommend using MTF. In any case, I don't see any benefit in having less data (which is what MTF is)
If you want to use "higher TF" use bigger periods on your indicators
like : to know the trend, use a 400 period MA on H1 instead of a 100 period MA on H4, you'll have better resolution and catch turns before using MTF
If you want to use "higher TF" use bigger periods on your indicators
like : to know the trend, use a 400 period MA on H1 instead of a 100 period MA on H4, you'll have better resolution and catch turns before using MTF
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Re: Recommend me indicator to identify the current trend?
8Expanding on Jeff's post above, this is true, you can substitute MTF with larger Moving Average periods and so on which is particularly useful for non-repainting indicators.ionone wrote: Wed Nov 03, 2021 8:39 pm I would not recommend using MTF. In any case, I don't see any benefit in having less data (which is what MTF is)
If you want to use "higher TF" use bigger periods on your indicators
like : to know the trend, use a 400 period MA on H1 instead of a 100 period MA on H4, you'll have better resolution and catch turns before using MTF
Multi-timeframe mode is convenient, but it naturally has to repaint (before the higher timeframe candle reaches it's Close).
For traders who are new to MTF, please read:
PS: Three indicators that are great for trends are:
- DSL DSMA (Kvak)
- Waddah Attar Explosion with ATR DeadZone (Mrtools)
- Heiken Ashi RSI (Mrtools)
Good luck with your trading journey.
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Re: Recommend me indicator to identify the current trend?
9Identifying trends may seem simple, but in fact it is the most complicated problem. All indicators, in the final analysis, are to answer this question.
The trend is actually a more subjective view. Different traders may have different opinions on the same trend.
1. First define: Divide all trends into three types: uptrend, downtrend, and neither rise nor fall ("consolidation").
2. Define the trend level: 5-minute chart trend, 30-minute chart trend, daily trend and so on. The upward trend of the 5-minute chart may only be "consolidation" in the 30-minute chart and the daily chart.
3. Then go to viewtopic.php?f=579496&t=8472182&start=1160 and find an indicator to analyze the trend.
4. Now, we might as well use the High-low trend mtf 3 BT indicator processed by teacher kvak today to illustrate: (I adjusted the parameters of this indicator for easy explanation)
My definition is: any period of trend, as long as it is higher than the previous period, is an upward trend;
As long as it is lower than the previous period, it is a downward trend;
Not higher than the previous paragraph, or not lower than the previous paragraph, is "consolidation."
The trend is actually a more subjective view. Different traders may have different opinions on the same trend.
1. First define: Divide all trends into three types: uptrend, downtrend, and neither rise nor fall ("consolidation").
2. Define the trend level: 5-minute chart trend, 30-minute chart trend, daily trend and so on. The upward trend of the 5-minute chart may only be "consolidation" in the 30-minute chart and the daily chart.
3. Then go to viewtopic.php?f=579496&t=8472182&start=1160 and find an indicator to analyze the trend.
4. Now, we might as well use the High-low trend mtf 3 BT indicator processed by teacher kvak today to illustrate: (I adjusted the parameters of this indicator for easy explanation)
My definition is: any period of trend, as long as it is higher than the previous period, is an upward trend;
As long as it is lower than the previous period, it is a downward trend;
Not higher than the previous paragraph, or not lower than the previous paragraph, is "consolidation."
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Re: Recommend me indicator to identify the current trend?
10Can recommend in picking both SMA or MACD and RSI