Forex trading indicator iTrend

iTrend - trend indicator with many settings. iTrend shows in the manner of two-color histogram trend direction (red line) and trend power (blue line). The iTrend's basic signals - zero line crossing, reaching new maximum or minimum, divergence and convergence. If iTrend Trend Direction line more than zero and increase - looking for buy moment. If in this moment iTrend Trend Power line less than zero and fall down - it's mean that up trend is intensify. If iTrend Trend Direction line less than zero and decrease - looking for sell moment. If in this moment iTrend Trend Power line more than zero and rise up - it's mean that down trend is intensify.

Common parameters - parameters which are influence onto all lines in this trading indicator.


1) "Apply to". Data, on which trading indicator's based. In this case - it's price: Close, Open and so on.


iTrend Trend Direction line's (red line) parameters:


iTrend Trend Direction line based on Bollinger Bands trading indicator Forex, and so iTrend Trend Direction line have similar settings like Bollinger Bands trading indicator:


1) "Mode". Set, which line of Bollinger Bands use for iTrend Trend Direction line calculation: Main, Top or Bottom

2) "Period". iTrend Trend Direction line's period

3) "Deviation". iTrend Trend Direction line's deviation


iTrend Trend Power line's (blue line) parameters:


iTrend Trend Power line based on Alex Elder's Bear Power and Bull Power Forex trading indicators


1) "Period". iTrend Trend Power line's period

Copyright 2007 Gordago. All rights reserved.
Copying of all making parts of a site in any form without the permission of holders of copyrights is forbidden.
Gordago
Search
Advertising
EnglishEnglish RussianRussian