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Instrument: REA_Trend

REA_Trend

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Disclaimer

The graphic studies and any other indication generated by the software should not be considered as personalized investment advice or even as investment recommendations. The setups generated by the software search for market conditions developed on prices in the past and are useful for statistical purposes.

The software is not able to work autonomously and requires various inputs from the trader for pattern research, statistics processing and any other expected functionality.

Description

The Trend Indicator we created is based on drawing a line that follows the price and changes color based on the presumed direction of the market. To draw the line it makes a certain calculation between two different basic indicators, ATR and CCI. Very simple to use because, as mentioned before, it tries to anticipate the directionality of the price. when the color of the line changes it is possible to place an entry in the direction, buy if the line turns green and sell if the line turns red.

To improve the Win Rate margin it is recommended to use this tool to confirm other set ups and not use it alone.

Downloads

Download the REA_Trend for the cTrader platform
License:
FREE

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