You can now download the Easy Trend Visualizer indicator for free on AtoZ Markets indicators gallery.
Easy Trend Visualizer is a MetaTrader indicator that does exactly what its name says. It shows where the trend begins, where it ends, and where there is no trend at all. It is based on standard MetaTrader ADX (Average Direction Movement Index) indicators and works quite fast. Easy Trend Visualizer displays itself in the main chart window. Offers a range of alerts: horizontal line cross, arrow up, arrow down, previous horizontal line cross (PHLC). Available for MT4 and MT5 platforms.
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.
UseAlertHorizontalLine (default = false) — issue a MetaTrader alert on horizontal line start.
UseAlertUpDownArrows (default = false) — issue a MetaTrader alert when an up or down arrow appears.
NumberPHLtoTrack (default = 0) — number of previous horizontal lines to track for alert purposes. An alert will be issued when the price crosses one of the previous horizontal lines and closes above or below it.
IgnorePHLShorterThan (default = 2) — the minimum length for the previous horizontal line to count it for for alert purposes. Lines with the length of 1 are not visible on the chart and will confuse you with unimportant alerts.
PHLC_Arrow_Color (default = clrChocolate) — color for the previous horizontal line cross alert arrows.
SendEmails (default = true) — if true, alerts will also be sent via email. Email should be properly configured in MetaTrader via Tools->Options->Email.
SendNotifications (default = true) — if true, alerts will also be sent via push notifications to your mobile device. Notifications should be properly configured in MetaTrader via Tools->Options->Notifications.
How to trade with Easy Trend Visualizer
Be aware that this indicator redraws the current bar. So, it is not very wise to enter a position based on the signal of the current bar. Previous bars are not redrawn and can be used as the safe entry signals. Although Easy Trend Visualizer is quite accurate, there are many false signals. However, it should not be a real problem since a stop-loss level can minimize losses. You should also exit positions if the trend is over. The curly brown arrow marks the previous horizontal line cross.
How to download and install an indicator
In order to install the indicator on your MT4 or MT5 platform, you need to follow these steps:
- Click on the “Download Indicator” button located at the bottom of the screen.
- Save the file to your computer.
- Extract and move the files into the MT5>Indicator folder of the MetaTrader4 software file directory.
- Restart your Metatrader platform.
- Navigate to “Indicators.”
- And select the “Easy Trend Visualizer” template to apply it on the chart.
Note: This indicator was developed by a third party. AtoZ Markets does not carry any copyrights over this trading tool.