Best trend indicator

[oilfxpro]

Originally Posted by RebateFX.com

You know, the best trend indicator is at least 2 hand drawn trendlines on 4H or daily chart, and perhaps just a stochastic to give you an idea when to jump in on the prevailing trend.

So why market all those indicators with flashing lights ,fancy names and mindblowing trendlines?They seem to be very pouplar.

OILFXPRO

[TurboTrader24]

Here is a trading system I got from another forum.
Here is what the author has to say

If you see, there is 2 lines on main chart. The one with thick line I call Main MA, and the other one (thin line) I call Fast MA.

If the fast line (thin) crossed main line (thick) and both color is red, you go for SHORT. Check also xb-ind (seems like MACD) also in red color.

So basically you go short when all is red and go long when all is blue (check if fast MA on top/below Main MA).

You can see also some “reseversal line”.

When the market sideways, normaliy price is always bouncing. So, if the price is bullish then will predict the price will reverse at line and the price will change to short. Remember, this is only prediction. If the price still bullish, it break the “break out line”. The we now the bullish trend has been set.

Also, you can use reversal line when two lines has different color. For example when the main line is blue (long) and fast line is red (short) and fast line on top of main line (So main trend is bullish). We can predict that price will drop and touch around reversal line and bounce back for bullish.

Hope this helps

[omotade]

hi guys,is this the holy grail of forex or somebody else found this out.

[FerruFx]

Originally Posted by jeromebr2

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FerruFx

[guedesjunior]

I love this forum.... and one good but not perfect is the PROFITABLE TREND SYSTEM, just go to 4shared.com end search there. And another great followind trend is the dorchian channels, really work.

[ismailv]

for a quick trend indicators use"execute line" adjust settings accordingly

[metalhead]

Originally Posted by TurboTrader24

Here is a trading system I got from another forum.
Here is what the author has to say

If you see, there is 2 lines on main chart. The one with thick line I call Main MA, and the other one (thin line) I call Fast MA.

If the fast line (thin) crossed main line (thick) and both color is red, you go for SHORT. Check also xb-ind (seems like MACD) also in red color.

So basically you go short when all is red and go long when all is blue (check if fast MA on top/below Main MA).

You can see also some “reseversal line”.

When the market sideways, normaliy price is always bouncing. So, if the price is bullish then will predict the price will reverse at line and the price will change to short. Remember, this is only prediction. If the price still bullish, it break the “break out line”. The we now the bullish trend has been set.

Also, you can use reversal line when two lines has different color. For example when the main line is blue (long) and fast line is red (short) and fast line on top of main line (So main trend is bullish). We can predict that price will drop and touch around reversal line and bounce back for bullish.

Hope this helps

do you know what his settings are for those indicators? I dno't have MT4 so I can't load it or see the code or whatever.

Thanks.

[chamane]

Hi,

I have been looking for the Holy Graal myself and found all sorts of strategies so far. One of them looks very close to what Turbo has just posted. Here is what I think about it:

- the thick line is 34 EMA. The colours of the thick line looks like it gives information very close to the Xb4ind indicator. The use of an HMA 30,2 can be a good approximation.
- the thin line is 21,3 HMA - Hull moving average (or something very close to it). The change of colours can also be given by a 8,20,9 MACD settings (or close to it).
- Sochastic is 5,3,3

I would take a chance of suggesting an alternate system that would give almost the same entry signals:

- 34 EMA
- MACD 8,20,9
- Stochastic 5,3,3
- HMA 30,2

Enter signals:

- Enter long when a candle closes above 34 EMA.
- Watch for stochastic for overbought situations. Pesonally, I would use a 14,3,3 setting. Reversal should happen when the fast moving line crosses the level 80 downwards.
- MACD cross should occure shortly after or at the same time. That would be an exit signal.

- Enter short when a candle closes below 34 EMA.
- Watch for stochastic for oversold situations. Pesonally, I would use a 14,3,3 setting. Reversal should happen when the fast moving line crosses the level 20 upwards.
- MACD cross should occure shortly after or at the same time. That would be an exit signal.

HMA 30,2 can be used to figure out the colours of the thick line, but I think it is not obligatory. I think the system Turbotrader 24 gave us is probably better because it is all set with proper colours that are easy to follow, but if someone doesn't have the Metatrader platform can consider my thoughts about the strategy.

Regards,

Chamane

[hulubalang77]

Thank you Chamane for your suggestion.

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