Technical Indicators for MetaTrader 5

Meta Trend

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Information

Indicators
MetaTrader 5
10
Ehsan Tarakemeh
10 August 2020
1.3
18 October 2020

Overview

Meta Trend Indicator is the most efficient way to forecast and detect the trend in any market. It reveals the trend, support and resistance levels, volatility and the maximum potential target, all in one indicator. To adapt to the price and to decrease consecutive trend failures, the internal trend detector algorithm studies the market and dynamically chooses the right values for the internal parameters. This indicator is a perfect trend filter for any strategy or expert advisor.

Click here for the MT4 version

Features

  • Super Adaptive Trend Detector Algorithm
  • Low Consecutive Trend Failure (Very important for money management)
  • True Price Channel (Trend and Target lines)
  • Sound Alerts, Push Notifications, Screen Flasher …
  • Multi-Timeframe
  • Never Repaints

 

Input Parameters


Period
The maximum size of the window (maximum number of bars) which MetaTrend uses to calculate the trend.

Sensitivity
A percentage value (0 to 100) which defines how fast the indicator detects reversal points.

STD Period
This input is zero by default and will be set automatically based on the first input. STD Period and Period inputs are the key inputs that can be optimized for Expert Advisors.

Dynamic Response
A percentage value (-100 to 100) which tell the indicator how dynamic it can response to the market volatility.

Lock inputs on timeframe
Lower timeframes have more details but they are noisier. To get the advantage of details and avoid noises, use the indicator on low timeframes but lock the inputs on a higher timeframe. Locking on a higher timeframe makes MetaTrend recalculates the inputs in such a way to generate almost the same trend shape like the one from the higher timeframe. This way trend reversals can be detected with lower lags.

Show Targets
Shows the target lines and creates a channel around the price. A target line is a forecast for the next potential price that the market will hit in its next move.

Alert Trend Change
Enable this to get alerted when the trend changes.

Alert Price Crossover
Enable this to get alerted when the price crosses the trend line.

Sound Alert
Generates a sound on trend change or price crossover.

Flasher
For traders who use multiple charts on multiple screens, enable this input to get visual alerts.

Push Notification
To get notification on your smart phone enable this input

Email Alert
Get alerted using your email.

Popup Alert
Get alerted using the MetaTrader popup alert window.

Alert Message Title
You can use multiple MetaTrend for different purposes. For example, use one MetaTrend for getting overall trend and another one for Buy/Sell signals. To distinguish them use Alert Message Title to add a title to the alert message.

7 DAY MONEY BACK GUARANTEE

If for any reason you do not like the purchased program, you can request a refund within 7 days from the date of purchase. You can also make an exchange for any other product at an equal cost or by paying the difference.

Simply send a request for refund or exchange with your order number by email: [email protected].

Refund requests received more than 7 days after purchase will be rejected.

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