Sign In with Google
Sign In with Facebook
The Simpler Trend indicator is a special trading algorithm that is used to trade with the trend. The indicator's calculations are directly related to the current market movement, that is, trades using the indicator are opened at the moment of a certain trend, in its direction, after the indicator itself gives a signal .The Simpler Trend indicator is displayed directly on the price chart, right on the candles, coloring them in one of two colors, each of which characterizes a certain market trend. It is with the help of taking into account the color of the current candles, their general direction, as well as the signal of the indicator about the trend directly, a certain trade can be opened.
The Simpler Trend indicator is suitable for trading on any timeframes, using any currency pairs,their choice does not affect its effectiveness.
Input parameters
The Simpler Trend indicator settings consist of five input parameters that affect both its technical operation and its notification system. The Colors section in its settings serves to change the color scheme and thickness of its values.
- Average period - period for smoothing the indicator values. The default value is 30.
- Sensitivity - the period of the indicator's sensitivity to market price fluctuations. The default value is 3.0.
- Enable Alerts - parameter responsible for receiving notifications after receiving a signal from the indicator when set to true. The default value is false.
- Enable Email Notification - a parameter responsible for receiving notifications to a previously specified email. The default value is false.
- Enable Push Notification - parameter for receiving a signal as a push notification to a previously specified mobile device. The default value is false.
Indicator signals
The algorithm of operation and application of the Simpler Trend indicator is very simple, but at the same time it is really effective. To open a certain trade, first, the current trend is determined taking into account the color and direction of the candles, as well as receiving the indicator signal. If all conditions characterize an upward trend, buy trades are opened, and if the trend is downward, sell trades.
Signal for Buy trades:
- At least three candles are colored with growth value and move up.
Upon receipt of such conditions on a certain candle, which is higher than the current ones, a long position may be opened. It should be closed after the formation of at least one candle with a falling value on the chart. This may indicate the completion or change of the current uptrend, which in turn will allow considering the opening new trades.
Signal for Sell trades:
- Current candles are colored with the fall value and move down.
Upon receipt of such a combination of conditions, a sell trade can be opened on a candle that closes below all the others, due to the presence of a downtrend in the market. The trade should be closed immediately after at least one candle turns in the opposite color. At this point, it can be considered opening new positions or simply closing old ones.
Conclusion
The Simpler Trend indicator is very effective, but very easy to use, which makes trading much easier for beginners. The indicator shows the best results when trading with the trend, and is suitable both for stand-alone use and for functioning in strategies. To improve the quality of trading and improve trading skills, preliminary practice on a demo account is recommended.
You may also be interested The Momentum Histo Signal trading indicator for MT4
