Trend Indicator
This indicator helps the trader understand the trend and contains a follow-up table. A maximum of 40 currencies/shares can be added to follow. It also shows the trader the most famous Japanese candlestick names between bullish and bearish.
· What is the function of the table?
The table helps you monitor your favorite list and alerts you when there is incoming or outgoing liquidity, as well as areas of peaks and troughs.
I will explain the columns of the table below:
NO: The serial number of your list
SYMBOLS: The name of the currency or stock
LAST PRICE: The last price
VOLUME: The volume of liquidity and the color changes to green, meaning that the last candle for liquidity increased from the previous one, and when it changes to red, it means that the last candle for liquidity decreased from the previous one.
T&B: Determines a currency's grade on our #3 Tops and Bottoms indicator.
SIGNAL: It shows you 5 cases of the T&B indicator as follows:
- Neutral: natural
- Bullish: It shows you that the currency or stock has reached a bottom (warning you that there may be an opportunity for a corrective rise or reversal of a downward trend)
- Strong Bullish: It shows you that it has reached a strong bottom and also (warning you that there may be a chance of a corrective rise or reversal of a downward trend)
- Bearish: It shows you that the currency or stock has reached a peak (warning you that there may be a chance of a corrective decline or reversal of an upward trend)
- Strong Bearish: It shows you that the currency or stock has reached a strong peak (warning you that there may be a chance of a corrective decline or reversal of an upward trend)
TREND: the general direction
Tip: It is best used in larger frames such as 4 hours and higher
How do I add currencies or stocks that I want to constantly monitor?
After adding the indicator to the chart, go to the indicator settings as shown in the picture:
Then this window will appear:
- The maximum watchlist limit is 40 currencies, stocks, or both.
- You can reduce the number as suits you, for example to 5 or 2, by removing the check mark from the list