Technical Indicators for MetaTrader 4
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MetaTrader 4
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Overview
The Mechanism Trend indicator is a hybrid indicator that shows the moments for entering the market with arrows. This indicator was created on the basis of the original indicators for searching for extreme points, the indicator is well suited for determining a reversal or a large sharp jerk to one side.
When the trend changes, the Mechanism Trend indicator uses color signaling: green - when changing from a downtrend to an uptrend, and red - vice versa, to a downtrend. You can use the indicator when entering the market, after its correction.
The indicator can be used both for pipsing on short periods and for long-term trading. Works on all currency pairs and on all timeframes.
