Trend Wave Extreme Indicator for MetaTrader4
An amazing indicator that helps determine what the long and short term market direction is and allows you
to plan in advance what your next move will be. With this indicator you will only need to spend 1 minute
to determine what and when your next trade will be. Analyse 17 indicators for 10 currencies and 9 timeframes with a click.
What does the Trend Wave Extreme Indicator do
Determines high probability trading opportunities
Determines the ideal entry point to open the trade
Provides alerts when trading opportunities arise
Analyses short and long term prospects in seconds
Instantly simplifies the markets
How does the Trend Wave Extreme Indicator Work
Determine Trend Wave Extreme Elements
This indicator will display what the signal of 17 strategically used indicator is (Up/Down/Neutral) in order to determine their strength and direction .
Trend: The symbol's long term direction. Your trades should follow the direction.
Wave: The symbol's short term direction or momentum. To be used as a confirmation for entering trades. If Trend and Wave are opposite direction you should likely wait prior to entering the trade.
Extremes: Shows if a symbol is Overbought/Oversold and if the Trend is likely to end. As a general rule you should avoid buying Overbought symbols or selling Oversold symbols as it means you have entered the trade too late. Instead you should aim on buying Oversold symbols or selling Overbought symbols
(click on each of the elements for more information about them)
Arrows will display all the information you need
Simplify and identify where the market is heading
A Symbol that is trending will never move in a straight line. Instead it will move in a Zig Zag line as illustrated bellow.
Knowing what the Trend Wave Extreme values are for the symbol you can immediately understand where you are in this line and determine your actions. Wait or Trade.
Identify the Perfect Buy/Perfect Sell time to enter the Trade
Perfect Buy/Perfect Sell is when the Extreme is opposite the Trend. This means the Trend is about to resume its direction after it finished a correction and hence expect a big move to the direction of the Trend and hence fast profits
Identify the above scenario and get alerts you when these opportunities become available.
WHY THIS IS A GOOD SYSTEM
Markets will be trending. Need to identify where the trend is.You want to make sure you enter a trade after the trend has pulled down a bit and then resumes its normal course. The reason this occurs is because traders who have been following the Trend want to lock their profits and start closing their positions, while a group of traders who believe the Trend direction has finished start taking positions opposite the Trend. Once profit taking and counter-trend trades are finished trend will resume and you will make profits having bought at a better price. Extremes will point out once a correction is likely to be over.
Trend Wave Extreme Indicator Features
Multiple Analysis Modes
Multiple Display Modes
Note: The above screenshots are actual illustrations of how the indicator looks like.