Orycs Trend Detector

ORYCS TREND DETECTOR technical indicator tells you the trading direction. It is a unique tool with several advantages allowing the trader to apply numerous trading techniques and risk management methods based on trend, regardless of the timeframe.

• The indicator can be applied to any strategy.
• May be used as a filter for high probability signals.
• Works in any market, in any direction, and in any timeframe.
• May also be used to pinpoint stop placement.

The indicator performs the following tasks:

• Detection of price trends, UPWARD TREND and DOWNWARD TREND.
• When a bullish trend has most likely begun, the indicator displays the text "UPWARD TREND" preceded by a Green Arrow.
• When a bearish trend has most likely begun, the indicator displays the text "DOWNWARD TREND" preceded by a Red Arrow.

Settings

• Monday_hour_start – allows users to set the start time from Monday and turn the Expert Advisor ON. The default value is 0 or midnight.
• Friday_hour_start – allows users to set the end time on Friday and turn the Expert Advisor OFF. The default value is 23 or 11 pm.