Forex Mega Trends MT4 Indicator:
About the Forex Mega Trends MT4 Indicator
Intelligent algorithm of the indicator Mega Trends with accuracy generates input signals and output levels. Strategy for trading on trend, filtering and all the necessary functions built into one tool! The principle of the indicator is to automatically determine the current state of the market, analyze historical data, based on historical data, and display to the trader instructions for further actions. The system itself shows in the form of arrows when to buy and when to sell. You should use the indicator as an additional one, it does not display information not on the new bar but late, that is, you need to use this indicator, for example, to train the neural network or other similar calculations! The indicator on gives out the perfect information, like any other, you need to use additional information for trading!
Configuring the indicator
The higher the Period, the longer trend is used to display the indicator. The indicator has two independent signal sets. In the parameter names, the ones containing ” A” symbol in the end are related to the first set (OnA, SkewnessA, MinPointA). The ones ending with ” B” are related to the second set (OnB, SkewnessB, MinPointB). OnA / B – enable the corresponding indicator data set. SkewnessA / B – react to a price “skewness” in one direction. MinPointA / B – react only when the price difference is not lower than set here. Changing this parameters allows you to achieve very good results. The indicator provides data in a visual form. Do not forget that the approach to trading should be comprehensive. Additional information is required for entering the market.
- Period – indicator period.
- ForNeural – enable/disable operation mode – manual or data vectors for the neural network.
- OnA – enable the first set of the indicator data.
- SkewnessA – “skewness” parameter of the price movement in one direction.
- MinPointA – minimum price distance in points.
- OnB – enable the second set of the indicator data.
- SkewnessB – “skewness” parameter of the price movement in one direction.
- MinPointB – minimum price distance in points.
Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)