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Easy Trend Visualizer Indicator For MetaTrader 4 Platform

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Introduction:

Free Easy Trend Visualizer MetaTrader indicator — this indicator does exactly
what its name is telling you. It shows where the trend begins, where it ends and
where there is no trend at all. It’s based on standard MetaTrader ADX (Average Direction Movement Index)
indicators and works quite fast. Easy Trend Visualizer displays itself in the main chart window. Available for MT4.

Easy Trend Visualizer MetaTrader indicator — this indicator does exactly what its name is telling you.
It shows where the trend begins, where it ends and where there is no trend at all.
It’s based on standard MetaTrader ADX (Average Direction Movement Index) indicators and works quite fast.
Easy Trend Visualizer displays itself in the main chart window. Available for MT4 platform.

Input parameters:

ADXperiod1 (default = 10) — period of the first ADX indicator.
ADXperiod2 (default = 14) — period of the second ADX indicator.
ADXperiod3 (default = 20) — period of the third ADX indicator.

You should be warned that this indicator redraws the current bar.
So, it’s not very wise to enter a position based on the signal of the current bar.
Previous bars aren’t redrawn and can be used as the safe entry signals.
Although Easy Trend Visualizer is quite accurate there are many false signals.
But they shouldn’t be a real problem since a stop-loss level can minimize losses.
You should also exit positions if the trend is over.

 

Click to Download:  Easy Trend Visualizer

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