Home Forex Service Review Trendiness Index Indicator Service Review

Trendiness Index Indicator Service Review

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Trendiness Index can be located within the indicators section of the MQL5 marketplace. It was created by Synapse Investment Research Group and was first uploaded to the marketplace on the 31st of October 2016. It has received a number of updates, its most recent update was on the 22nd of March 2017, this brought the current version of the indicator to version 1.4.

Overview

Trendiness Index is an indicator designed for the MetaTrader 4 trading platform. The indicator was designed to show you the strength of a trend and the direction of it too. This is done with a few different options.

The developer has suggested a few strategies to use with the indicator:

Short Term:

  • Enter a trade when Trendiness Index indicates a strong trend and direction (colored bar).
  • Be careful when the Trendiness Index indicates a fading trend (darkened bar color). Can exit trade here to be conservative, or remain in the trade to increase profits if price action supports the continued movement.
  • Exit the trade when the Trendiness Index indicates the end of the trend (grey bar).

Long Term:

  • Enter a trade when Trendiness Index indicates a strong trend and direction (colored bar).
  • Remain in the trade until an opposite-colored bar appears (red if a call, green if a put), then exit.

The indicator also comes with alerts, this can be for various scenarios such as a strong upward or downward trend, when a trend is decreasing in strength, or when a trend is becoming a no trend.

There are a number of parameters available with the indicator, these allow you to slightly alter the way that the indicator functions. Some of the available settings are the calculation period, whether to use smoothing, the standard deviation calculation period, whether to use alerts, types of alerts, the high percentile threshold, and more.

Service Cost

Trendiness Index can be purchased with a one-off payment of $49, this will give you up to 937 activations with no further limitations. There is also the option to rent the indicator, this can be done on a monthly basis which will cost you $16 per month, you can also rent it on a three-month basis which will cost you $33 for that time period.

A free demo is available, the site does not indicate what the features or limitations of the free version are, this normally means that it can only be used with the strategy tester within the MetaTrader 4 trading platform.

Conclusion

At the time of writing, there were four user reviews, each one was very positive giving the indicator and overall rating of 5 out of 5.

Really helpful, great indicator as well!” – A 5-star review.

EASY TO USE AND HELPFUL TO UNDERSTAND THE MARKET TREND” – A 5-star review.

Great indicator. I am doing scalping in 1Minute timeframe German30 today, and can see what he is going to do next. Right On Guys!! 937 Activations!!” – A 5-star review.

Do the reviews indicate that the indicator is doing what it is meant to do and that the users are currently happy with it. The developer has also been replying to the comments that have been left, which is a good indication of the sort of support you would receive once the indicator has been purchased or rented. The only concern is that the last comments were from 2017, so we would suggest sending any queries that you have to the creator before you make a purchase, this way you can make sure that it is still being actively supported before putting any money down.

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