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Market Scanner
The Trend Scanner trend line indicator displays the trend direction and its changes. The indicator works on all currency pairs and on timeframes from M1 to D1. The indicator simultaneously displays multiple readings on the price chart: the support and resistance lines of the currency pair, the existing trend lines, the Highs and Lows of the price, as well as the current direction of the trend. The indicator generates accurate signals, which allow opening trades following the trend. The blue dots on the chart indicate the Highs and Lows of the price, the white trend lines display the support lines, the red trend lines display the resistance lines, the yellow thick line demonstrates the direction of the current trend, the blue dot at the beginning of a yellow line is the guide for setting Stop Loss. When the currency pair movement direction changes, the Alert Buy or Alert Sell message pops up, showing the price and the recommended Stop Loss value.
Market Scanner.zip 156.4 kb, 58 downloads since 2018-03-04
Thank you for sharing your insights on the Trend Scanner indicator, augusto70. It sounds like a useful tool for traders looking to effectively identify trend directions and support/resistance levels. The ability to visualize Highs and Lows on the chart and receive alerts for Buy or Sell opportunities can certainly enhance decision-making during trading.
I'm curious if you've had any personal experience with this indicator in live or demo trading? Any specific results or feedback regarding its accuracy or effectiveness over different currency pairs or timeframes would be greatly appreciated! This information could help others in the community gauge its potential performance.
Looking forward to hearing more about your experiences!
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