OneTM TrendDirection can be found on the MQL5 marketplace under the indicators heading, we have added a link below to it. The indicator was uploaded on the 12th of July 2016 by its creator Mehrdad Jeddi, it has not had any further updates and so it is still at version 1.0.
The OneTM TrendDirection was created for the MetaTrader 4 trading platform, it was created to show4 the direction of the market for long, short, and ranging trends. It can be used on all timeframes for each direction.
The main features of the indicator:
- Unique for catching the range or trend market
- Avoids whipsaws and uncertain market noise
- Good for scalper trading
- Useful on Renko charts
- Without any repaints
- Without any back pains
- Never recalculates
- Compatible with Expert Advisor development
There are only a couple parameters that can be used to slightly alter the indicator, these are the trend periods and the range periods.
The indicator currently costs $45 to purchase it outright with no limitations, there is also an option to rent it, this will cost you $16 per month to do so. A free demo version is also there, however, this will have some limitations that we are currently not aware of, it is always worth downloading to test out.
Just the one review is available, this is giving it a rating of 5 out of 5.
“Very good indicator !! Thanks 🙂 !”
So the only available review is positive, the same use rail asked a section in the comment section which got a very helpful response which is a good sign of the kind of customer support that you may receive. As there is only the one review, we would recommend downloading the limited free version, just to try it out so you can see how it works, also contact the developer with any queries so you can make sure it will meet your needs before putting any money down.
This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/11736