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Trend Indication

  • #1
  • First Post: Mar 10, 2008 5:39pm Mar 10, 2008 5:39pm
Hey Guys, just wondering if you could give me some input on what indicators you find to be the best at detecting trend direction?

Thank you
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #2
  • Mar 11, 2008 5:25pm Mar 11, 2008 5:25pm
Definitely moving averages.
skype: ststroud. let's talk trading.
  • #3
  • Mar 11, 2008 7:07pm Mar 11, 2008 7:07pm
Uhh, Personally, I use those straight line thingies.
Sometimes I even use Two of them that contain The Trend.

Sorry, didn't mean to sound condescending, which, of course, I did.

NOTHING {I know of} is going to Accurately Predict a Trend Change.
Trends {and changes in Trend} can only be Identified Once They Reach Puberty.

Now you're dealing with {guess what} A Teenager. If you think It's going to do what you expect...

Good Luck.
  • #4
  • Mar 11, 2008 7:50pm Mar 11, 2008 7:50pm
I use this indicator on a 4 hr and daily for a quick visual. Like BigMac,, i mean Bemac said a Trendline along with a long term Fibo is the way to go if you want to nail it down.

I use a period of 36 and a method of 0 for the ema and you can have it alert you or not when you get a directional change. Only good for a quick visual,, kind of lets you know when to hold em and when you mabey should start looking for exits.
Attached Image (click to enlarge)
Click to Enlarge Name: EMA Trend Example.png Size: 49 KB
Attached File(s)
File Type: ex4 PFX Trend Direction Alert.ex4   5 KB | 524 downloads
  • #5
  • Mar 11, 2008 8:23pm Mar 11, 2008 8:23pm
Quoting matrixebiz
Hey Guys, just wondering if you could give me some input on what indicators you find to be the best at detecting trend direction?

Thank you

My best advice, Moving Averages.

Second piece of advice. Buy when you think price will go up.
  • #6
  • Last Post: Sep 24, 2011 2:51am Sep 24, 2011 2:51am
There is a good article about detecting the trend in MQL5 website http://www.mql5.com/en/articles/248

Can anyone convert trendingclose.mq5 , trendinghl.mq5 , trendingopen.mq5 indicators in MQL4?
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