The Half Trend is an indicator that calculates the Maximum Price “High” and Minimum Price “Low”. The Half Trend is a Moving Average based market trend identifying tool that suits all sorts of trading styles. This indicator can signal both the trend and trade at the same time.
This Indicator assists you to get strong Entry Points. To ignore false signals caused by rapid price changes in a time frame, add “Bars ago”, so the current bar will be ignored, there is no Repaint when you set the value 1. As an example when a false signal is in the H1 time frame, we won’t be seeing it.
When the trend is confirmed, you will see an Arrow after the bar close. The arrows and pips shown can be switched on and off from the indicator settings.
The PIP Analyser shows you the PIPs from each Long or Short Trend.
Use this Indicator in combination with the Price Change Dashboard to get the best results in price trend movement.
1.0.3 (September 26, 2020) - Changed the output from points to lines 1.0.2 (August 18, 2020) - Security and stability improvements 1.0.1 (August 14, 2020) - Migrated to the latest licensing library 1.0.0 (June 25, 2020) - Released