Sweep Trend

The indicator marks the volatile areas of price movement on the chart according to the specified settings.

Settings

• TrendPips - filter value in points
• TrendBars - filter value in the amount of bars
• signal_shift - shift relative to the current bar by the specified number of periods back, for signals
• CountBars - the number of bars to display the indicator
• Color_1 - one of the rectangle alternation colors
• Color_2 - the second color of the rectangles
• alerts - show a dialog box containing custom data.
• Text - custom text for signals.
• Send_Mail - send an email using an address specified on the Email tab of the options window.
• subject - email header.
• Send_Notification - sends push notifications to the mobile terminals, whose metaQuotes IDs are specified in the Notifications tab.

For developers: the indicator has one signal buffer, it has a value of one after a rectangle is plotted and a value of zero in all other cases. The indicator is called as follows:

double indicator_signals = iCustom(Symbol(),0,"Sweep Trend",TrendPips,TrendBars,signal_shift,0,1);

Recommendation: after a trend movement, the price usually consolidates and moves in a flat. When this condition is fulfilled, it is possible to apply strategies designed for the flat.