Laser Trend

The trend is your friend! This is what this indicator is all about.

Follow this famous saying and be safe.

Characteristics:

• Buy/Sell signals fixed on the close of a bar.
• Works on all symbols and all timeframes.
• Clear visual market trend laser line, Buy/Sell signal arrows, market strength meter, TP1 & TP2 boxes.
• Visual signals when to enter, when to exit the market.
• No repainting.
• Compatible with Flexible EA for trading automation. (Ask for a free set file optimized to perform 2010-2018)

Parameters:

• Period - the number of bars used to calculate the trend.
• Recommended period setting 30 to 85.
• The lower the setting the lower short term indication outcome.

To enter a trade check the following:

• Buy: If "Blue Right Arrow" appears on chart and the UpTrend indicator is 65% or above. BUY.
• Sell: If "Red Right Arrow" appears on chart and the DownTrend indicator is 60% or above. SELL.

To exit open trades:

• Low Risk TP1: For a secure preservative trading style close your positions on TP1 "the small square".
• Higher Risk TP2: For a more aggressive style "higher risk" close on TP2 "the big square".
• StopLoss: Your StopLoss should be the opposite signal.

Live Signal link