Trend Power was created by Pavel Zamoshnikov and was first uploaded to the MQL5 marketplace on the 22nd of February 2016, it was updated a few times, the most recent update was on the 29th of March 2017 and is currently at version 1.721.
Trend Power is an indicator for the MetaTrader 4 trading platform, it is a tool that will analyze the direction and the strength of the eight major currency pairs, these are EUR, GBP, AUD, NZD, CAD, CHF, JPY, and USD. It will do this in real-time and by using historical data, it will then generate a sound and message notification when a signal is created.
The indicator will calculate the strength of a signal for 28 different currency pairs and will have a rating between -6 and 6 depending on whether it is a bullish or bearish trend.,
The main features of the indicator:
- A very convenient window for displaying the current currency strength (real-time). This window can be minimized and moved by the mouse to any location on the chart.
- The current direction of the currency pair trend can always be seen in the top right corner.
- It is possible to disable the signal on the currency pairs that you do not trade.
- Recognizes non-standard symbol names (with prefixes or suffixes).
- It sends emails and push-notifications to mobile devices.
There are also some parameters, these include the number of bars to count, symbols, colors, notifications, and more.
The indicator will cost you $15 to purchase it outright, this will get you up to 30 activations, there is not an option to rent it. There is a free demo version, this version will work with the GNPUSD pair without any limitations, the other currency pairs will be limited to their use.
There are three user reviews, they have given the indicator an overall rating of 3 out of 5.
“This indicator is very slow with it’s signal and heavy on CPU usage!” – A 1-star review.
“Thanks for sharing” – A 4-star review.
So the reviews do not give a lot of information apart from the negatives from the 1-star review. There are some comments, the developer has been very active in replying to comments, the last comment was from 2018 though which is a while ago, and it does not give us an indication as to whether it is still being actively supported, due to this we would suggest contacting the developer with any questions that you have prior to making a purchase.