Trend Trader indicator and price strength based on the combination of MACD, PSAR, Stochastic, moving average indicators.
Trend indicator functions:
– draw the price channel
– spot the swings
– draw the candle type
– identify the trend according to PSAR, MACD, Stochastic and the moving average indicator.
– display the round numbers on the chart
As seen in the chart above, the indicator drew a downtrend, marked the price channel and also drew the trade entries according to this channel. In the upper left of the chart, the indicator shows the candles color for all the timeframes; green is a rising candle while red is down candle. Depending on the indicator’s settings, there are up/down arrows for the following indicators: PSAR, MACD, Stochastic and moving average. The settings for this indicators are displayed bellow, in the settings.
The settings are quite explicit and traders familiar with the indicators stated above will have no issues setting this trend trader properly so it can be used in a profitable way.
Free download Trend Trader.