(Req) MAIN TREND

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MainTrend

( Forex-Experts )

 

Price: $89.00

 

 

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The main purpose for the active trading is to determine the direction of the trade. The best results acchived when trading by trend.

Simply we say "Trend is your friend". And this is right. Trading by trend decrease risk in each trade. There are a lot of indicator to show the direction of the trend, but trader must examine each indicator separately. MainTrend is a one indicator, that combine the results of to determine the direction and strengh of the trend.

 

The fetatures that MainTrend will give you:

 

1. Determine the direction of trend.

2. Will show the strengh of the trend.

3. Ability to show the trend from any timeframe (Multitimeframe feature.

4. Ability to choose which indicator to use to analyze the trend.

5. Ability to change any parameters.

 

 

The main trend is determine by locating the fast and slow MA and then will analyze another indicators to confirm the trend. Currently the next indicators are using:

 

RSI

CCI

WPR

DEMARK

MACD

ADX

 

Trader can use this indicator for different trading systems such as Tripple Screen, Breakout, Pivot, and so on.

 

Parameters, used in the indicator:

 

TimeFrame = 0 timeframe for the indicator.The next set is used:

- 1 1 minute.

- 5 5 minutes.

- 15 15 minutes.

- 30 30 minutes.

- 60 1 hour.

- 240 4 hour.

- 1440 Daily.

- 10080 Weekly.

- 43200 Monthly.

- 0 (zero) 0 Timeframe used on the chart.

UseRsi = true - use RSI indicator for the trend;

UseCci = true - use CCI indicator for the trend;

UseWpr = true - use WPR indicator for the trend;

UseDem = false - use DEMARK indicator for the trend;

UseMacd = true - use MACD indicator for the trend;

UseAdx = true - use ADX indicator for the trend;

UseRange = true - use range box to determine the trend;

FastMaPeriod = 3 - period for fast ma;

FastMaShift = 0 - shift for fast ma;

FastMaMethod = MODE_EMA - mode for fast ma. The next set could be used:

- MODE_SMA 0 Simple moving average,

- MODE_EMA 1 Exponential moving average,

- MODE_SMMA 2 Smoothed moving average,

- MODE_LWMA 3 Linear weighted moving average.

FastMaPrice = PRICE_CLOSE - aplied price for fast ma. The next set could be used:

- PRICE_CLOSE 0 Close price.

- PRICE_OPEN 1 Open price.

- PRICE_HIGH 2 High price.

- PRICE_LOW 3 Low price.

- PRICE_MEDIAN 4 Median price, (high+low)/2.

- PRICE_TYPICAL 5 Typical price, (high+low+close)/3.

- PRICE_WEIGHTED 6 Weighted close price, (high+low+close+close)/4.

SlowMaPeriod = 50 - period for slow ma;

SlowMaShift = 0 - shift for slow ma;

SlowMaMethod = MODE_EMA - mode for fast ma. The next set could be used:

- MODE_SMA 0 Simple moving average,

- MODE_EMA 1 Exponential moving average,

- MODE_SMMA 2 Smoothed moving average,

- MODE_LWMA 3 Linear weighted moving average.

SlowMaPrice = PRICE_CLOSE - aplied price for fast ma. The next set could be used:

- PRICE_CLOSE 0 Close price.

- PRICE_OPEN 1 Open price.

- PRICE_HIGH 2 High price.

- PRICE_LOW 3 Low price.

- PRICE_MEDIAN 4 Median price, (high+low)/2.

- PRICE_TYPICAL 5 Typical price, (high+low+close)/3.

- PRICE_WEIGHTED 6 Weighted close price, (high+low+close+close)/4.

RsiPeriod = 14 - RSI period;

RsiPrice = PRICE_CLOSE - RSI price. The next set could be used:

- PRICE_CLOSE 0 Close price.

- PRICE_OPEN 1 Open price.

- PRICE_HIGH 2 High price.

- PRICE_LOW 3 Low price.

- PRICE_MEDIAN 4 Median price, (high+low)/2.

- PRICE_TYPICAL 5 Typical price, (high+low+close)/3.

- PRICE_WEIGHTED 6 Weighted close price, (high+low+close+close)/4.

CciPeriod = 14 - CCI period;

CciPrice = PRICE_CLOSE - CCI price. The next set could be used:

- PRICE_CLOSE 0 Close price.

- PRICE_OPEN 1 Open price.

- PRICE_HIGH 2 High price.

- PRICE_LOW 3 Low price.

- PRICE_MEDIAN 4 Median price, (high+low)/2.

- PRICE_TYPICAL 5 Typical price, (high+low+close)/3.

- PRICE_WEIGHTED 6 Weighted close price, (high+low+close+close)/4.

WprPeriod = 14 - WPR period;

DemPeriod = 14 - DEMARK period;

MacdFastEma = 12 - MACD fast ema period;

MacdSlowEma = 26 - MACD slow ema period;

MacdSignal = 9 - MACD signal ma period;

MacdPrice = PRICE_CLOSE - MACD price. The next set could be used:

- PRICE_CLOSE 0 Close price.

- PRICE_OPEN 1 Open price.

- PRICE_HIGH 2 High price.

- PRICE_LOW 3 Low price.

- PRICE_MEDIAN 4 Median price, (high+low)/2.

- PRICE_TYPICAL 5 Typical price, (high+low+close)/3.

- PRICE_WEIGHTED 6 Weighted close price, (high+low+close+close)/4.

AdxPeriod = 14 - ADX period;

AdxPrice = PRICE_CLOSE - ADX price. The next set could be used:

- PRICE_CLOSE 0 Close price.

- PRICE_OPEN 1 Open price.

- PRICE_HIGH 2 High price.

- PRICE_LOW 3 Low price.

- PRICE_MEDIAN 4 Median price, (high+low)/2.

- PRICE_TYPICAL 5 Typical price, (high+low+close)/3.

- PRICE_WEIGHTED 6 Weighted close price, (high+low+close+close)/4.

RangePeriod = 9 - period for range box.

Source code is included. Supported metatrader 4.

[andrew1713006441]

Does anybody has this indicator it seems interesting please share