Trendy Trader

free

Trendy Trader

Indicators Stephen Reynolds Version: 1.1 Updated: 10 May 2023
Unlike a standard moving average, trendy traders unique algorithm will show you a less choppy signal resulting in a smoother and easier trend to follow thereby making your trading decisions more confident.

Put simply when price moves above the average it signals a bullish trend and when price moves below the average it signals a bearish trend.

The trader is then given 2 levels of take profit and a stop loss on each new signal. It can also be added to other trend-following systems for better performance.

It will work on any timeframe and market its placed onto.

Features :

Does not repaint the signal everything is strictly signal on close of bar
Works on most timeframes and markets
Includes a main panel verifying how effective the strike rate of signals are
Includes a panel showing what the indicator is doing on other timeframes
Builds confidence by smoothing out market noise
Integrated pop-up, email, push notification and sound alerts
Settings :

Amplitude – The number of bars used to calculate rend
Take Profit 1 – The distance from stop loss. Input as 0.2 means 20% of stop loss
Take Profit 2 – As explained above
Stop Loss – The co efficient, take profit levels are based upon
Bull Color – The color of arrow and line
Bear Color – The color of arrow and line
Take Profit Color – The color of take profit
Stop Loss Color – The color of stop loss when hit
Lookback – How far back in bars the signal is applied

How to trade this Indicator :

After the indicator has realized a new signal look to the chart panel. There you will see two take profit prices and a stop loss price.

Next enter your trade with these recommendations. When take profit 1 is reached you can either partially close the trade or move stop loss to break even.

Next when take profit 2 is reached close out your trade. You should now have made some profits!