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Forex Market Sentiment

Multi Trend Signal Indicator

Multi Trend Signal Indicator

Multi Trend Signal Indicator

 

 

As you can see on the image, this indicator calculates trends on all time frames using 9 indicators: ADX, RSI, MOM, CCI, OsMA, MACD, SAR, WPR, MA. There is a general trend (M15, M30, H1, H4 and D1 time frame), which is calculated by a combination of the previous 9 indicators.

Conservative trading (very high win probability but less frequent trading signals):

ENTRY POINT: When all 9 indicators point in the same direction for the given timeframe place the respective BUY / SELL trade.

EXIT POINT: When all 9 indicators point in the opposite direction for the same timeframe, exit the trade.
Dynamic trading (more balanced win probability but more frequent trading signals ) :

ENTRY POINT: When 7 out of the 9 indicators point in the same direction for the given timeframe place the respective BUY / SELL trade.

EXIT POINT: When all 7 out of the 9 indicators point in the opposite direction for the same timeframe, exit the trade.

TIMEFRAME: This can be used on any timeframe.

STOP LOSS : We recommend 85% of the timeframe’s Average True Range (ATR) HOT TIP: Keep an eye on the cumulative indicator – it highlights where the trend is going.

 

Free Download

 

 

 

Multi Trend Signal Indicator
19 votes, 2.42 avg. rating (49% score)

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