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CatcherTrend MT5

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The Trend Catcher indicator consists of two parts — arrows and stop-loss levels. The arrows are the main part of the indicator, and it is on them that the transaction is opened. Stop loss levels can be used as a filter to search for a signal or as a trailing signal.

The indicator does not redraw.

The indicator does not redraw.

You can easily write an Expert Advisor based on the indicator.

You can easily write an Expert Advisor based on the indicator.

MT4 indicator version:

MT4 indicator version:

  • Opening a buy trade if the Trend Catcher shows an up arrow.
  • Opening a sell trade if the Trend Catcher shows a down arrow.
  • The indicator is very well suited for renko charts
  • Stop loss levels can be used instead of trailing stops.
  • It is advisable to select the input parameters individually for each pair
  • The indicator works best on trend pairs: GBPUSD, USDJPY, AUDUSD…
  • Recommended timeframe: H1 and higher
  • You can use the Expert Advisor parameters: UseAlert, UsePush, and UseMail to notify you when a signal appears

  • DrawingArrows – if true, the arrows are drawn, if false, the arrows are not displayed.
  • PeriodArrows – period of arrows
  • PeriodFastMA – the period of the fast moving average
  • ShiftFastMA – shift of the fast moving average
  • MethodFastMA-fast moving average method
  • PeriodSlowMA – the period of the slow moving average
  • ShiftSlowMA – shift of the slow moving average
  • MethodSlowMA-Slow Moving Average method
  • DrawingSLLevels – if true, then draw stop loss levels, if false, then stop loss levels are not displayed
  • PeriodATR – the period of the ATR indicator, according to which stop loss levels are drawn
  • MultiplierATR-multiplier of the ATR value
  • UseAlert – if true, an Alert is triggered when the arrow appears
  • UsePush – if true, a Push message is sent when the arrow appears
  • UseMail – if true, when the arrow appears, an email is sent to your email address

[spoiler title=”Read More…”]

The parameters of the fast moving average and slow moving average are used in the indicator to filter the arrows and directly affect their location on the chart.

[/spoiler]

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