Alpha Trend Spotter

This is an indicator for finding the strongest trend each day, suitable for intraday trading or a swing trading.

See the live performance at : https://www.mql5.com/en/signals/93383

How to Use:

1. RED BAR means Bearish Trend for the next candle
2. GREEN BAR means Bullish Trend for the next candle
3. ORANGE BAR means Sideways Trend for the next candle

Example:

If we are using D1 timeframe, see the last BAR, if the bar is RED BAR, open short/sell for today.

If we are using H1 timeframe, see the last BAR, if the bar is GREEN BAR, open long/buy until next hour.

You can сombined it with Parabolic SAR Indicator for helping you to place the TP & SL.