Advanced Trend Dream is an indicator that was created in March 2016 by developer Sergey Efimenko. This indicator analyzes the internal average price channel at the specified edge moving beyond the external cumulative depending on the direction of the current conventional trend, and at the same time the second price channel on the detailed edge moving past the ends (or specified price modes) of the previous bar.
A special case of setting this indicator is a known Ozymandias. The direction of the current traditional trend is visualized by a line, and the trend change (“exit”) event is shown by an arrow. In addition, it is possible to enable sound and text notification as well as a message to a mobile device.
The arrow is fixed by closing a bar and is not drawn again. The message about a likely change in direction may also be output on an unset bar, but note that the arrow may vanish before the bar is canceled. It is feasible to select 16 price types (including Heiken Ashi bar prices) and 26 types of smoothing.
Advanced Trend Dream Parameters
-Period of range of high and low prices – a period of calculation of the external price channel.
-Period of high and low moving average amplitude – a period of calculation of the first internal channel of prices.
-High and low mobile medium smoothing method – smoothing method of the first internal price channel.
-High average mobile price used – price for the calculation of the top edge of the first internal price channel.
-Average mobile price used – price for the calculation of the lower limit of the primary internal price channel.
-Range of the price channel, the price for the calculation of the second internal channel.
-Price channel smoothing method – second channel internal smoothing method.
-Rising line price – price for the calculation of the top edge of the second inner channel.
-Down line price – price for the calculation of the bottom edge of the second internal channel.
-High price previous to make a comparison – price class to compare with the second price channel when the trend changes upwards.
-Previous low price to make a comparison – price class to compare with the second price channel when the trend changes downwards.
-Trend up arrow symbol code – arrow code for an upward trend.
-Trend down arrow symbol code – arrow code for the downward trend.
-Up and Down Arrow Shift Multiplier – multiplier for scrolling up and down arrows.
-Closed bar alerts – allows you to display alerts only on closed bars.
-Enable alert messages – enable/disable text message output.
-Activation of alert notifications – enable or disable sending alerts to the mobile terminal.
-Activation of alarm sounds – activate or disable alarm notification.
-Alarm sound file name – file name for sound alarms.
If you still want to purchase this indicator, you have it available on the MQL market, in the indicators section, at a price of 30 USD, you also have it available for rent at 15 USD per year, and there is a free demo version available for you to try out.
In short, we are talking about one of the many trend indicators that exist in the market. In appearance, it seems a good indicator, but we have a few concerns about it. In my opinion, I think we have analyzed trend indicators more complete than this and more recommendable for beginner traders. As such, we advise that you do consider renting it for one month to test before making a full purchase.