Home Forex Service Review Identify Trend Indicator Review

Identify Trend Indicator Review

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Identify Trend is an indicator created in March 2019 by developer Aleksey Ivanov. The Identify Trend indicator uses fairly simple but robust filtering methods (based on the mobile median – XM algorithm) and more complex algorithms (XC, XF, XS, four types of SMAWL, EMAWL, SSMAWL, LWMAWL).

Overview

This indicator, developed by the author, allows the beginning of a true trend movement very precisely and, most importantly, with a small delay, and the identification of a soil. Such an indicator can be used for the strategies of trade climbers, as well as the use of long-term trade strategies. The operating algorithms of the indicator have been developed from complex mathematical formulas.

The readings of the indicators are visual, extremely simple, and do not require a comment. The blue line of the indicator marks an upward trend, the gold line is flat, and the red line is the downward trend. Consequently, entry points to buy, when the red or gold line is replaced by blue, and to sell – on the contrary, when the blue line or gold line is replaced by red.

The possible times of change in the direction of price movement are also indicated with arrows. The indicator has all kinds of alerts. Alerts are activated when the indicators (for trend direction) coincide on the last two bars. From version 2.0 of this indicator, restrictions are introduced on the trade of a free distribution indicator – only the H4 time frame can be used. To trade in all terms, use the Identify Trend PRO indicator or the professional version with rich features.

Indicator Settings

Type of price – price applied. Values: Near price, Open price (default), High price, Low price, Average price ((high + low)/2), Typical price (high + low + close)/3), Weighted price (high + low + 2 + close)/4).
The averaging method – Values: XC= XF – XS + SMMA (default), XF= x/SMMA> *SMMA, XS= x*SMMA>/SMMA, XM= Max(x} + Min({x>/2), WLSMA, MAWL, WL, MAWL, WL, MAWL.
The averaging period – averaging period. Values: any integer (3 by default).
The display method. Values: Show arrows only (default), Show lines and arrows, Show lines only.
Line (arrows) thickness. Values: an integer ny (2 by default).
Trend DOWN color line=Red
Trend UP line color= Aqua
FLATLINE color=Gold
Trend DOWN arrow color=Magenta
Trend UP color arrow=Lime
The Signal Method – Type of Trade Signal Alert. Values: No, Send alert, Print (in expert), Comment (in graphic), Sound + Print, Sound + Comment, Sound, Push + Comment, Push, Mail + Comment, Mail.

Service Cost

This indicator is currently being offered free of charge, so download it while you can while there is no charge. Of course, there is no guarantee that there will not be some cost for this Forex tool in the future.

Conclusion

In short, we are talking about one of the many trend indicators. In this case, we can test this indicator for free, as the developer does not charge anything for the use of this indicator. In your favor, you have quite a few user reviews that have already tested the utilities of this indicator are quite positive, so we lose nothing by checking it and knowing if the tool is useful for our trading.

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