Trending recommendations and posts relevant with Scalp Tool R1, MetaTrader MT4 Scalp-Tools i-Trend Trend Indicator.
There’s a newer version, but I will let this video online for the moment…
Look for “MT4 Trading Tools” in my channel.
i-Trend (MAT/MOT – Indicators)
This is my newly created tool which allows you to get a closer look to the actual and the historic trend of the market!
You can see two new indicators called MAT and MOT on seven different timeframes at the same time!
MAT and MOT:
MAT is calculated by the moving-average-trend of the last five candles in each timeframe.
MOT is calculated by the momentum-trend of the last five candles in each timeframe.
Take a while and look how the arrows (mostly the M1-arrows) are moving with the market.
The arrows can turn from the bottom, left turn up to the top, while they are changing their color from red to green and vice versa. In a chart, where most of the arrows show upwards, it will not make sense to open a sell-order on the current symbol. But if a MOT-arrow begins to turn down from a high value, it may be interesting to open a turn-around-short-position on the timeframe of the turning arrow. But this decision is yours. I cannot guarantee, that if the arrows behave in this or that way, that this will always lead to successful trades! This tool is only a visualization of the trends in the actual market.
The next very useful tool is the button in the left upper corner of the indicator. If you press this button, the button gets red and now the arrows are showing the values from the time of the mouse-cursor-position. Please be careful – this tool can cause very high processor-load!
If you see yellow question marks instead of arrows, your MT4 has not enough historic data for this symbol and timeframe.
You can switch back to the actual view by pressing the button again!
The moving average, the calculation is based on
TrendIndicatorMomentumPeriods: The momentum indicator, the calculation is based on.
You can find my products here:
Scalp Tool R1, MetaTrader MT4 Scalp-Tools i-Trend Trend Indicator.
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MetaTrader MT4 Scalp-Tools i-Trend Trend Indicator, Find new analyses and posts relevant with Scalp Tool R1 and financial market, analysis, trading signals or Forex mentor comparisions.
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