Forex VTrende MT4 Indicator

Forex VTrende MT4 Indicator:

About the Forex VTrende MT4 Indicator

VTrende-MTF indicator for trend trading with display panel for MT5

Although the signals of the VTrende indicator can be used as signals of a full-fledged trading system, it is
recommended to use them in conjunction with the bill Williams vehicle.

The main task of the indicator is to determine the points where the trend direction changes.

The indicator signal appears in two variants:

for advance – when the trend ends
To continue – when the trend is already underway
The indicator shows two types of signals:

Basic-F1/F2
Correction signals – C (filtered and unfiltered) signal
Types

The F1 signal is a signal of long-term trends, which usually defines an impulse movement that will develop smoothly, gradually gaining strength and speed, forming impulse waves
The F2 signal is a signal of rapid / explosive movements and sharp impulses (shots) that can quickly end, forming an Angulation.
The C – filtered signal is a corrective movement signal that appears when the price follows the Alligator.
Signal C-unfiltered, this is a correction movement signal that appears against the direction of the Alligator.
The strongest F1/F2 signals will appear after:

Divergence
Angulations
Combination of two signals F1 and F2
Combination of F1+2C/3C and F2+2C/3C signals
Combination of 2C/3C signals-after Angulation / Divergence or F1/F2 signals

Calculation of waves and Wave markup

By default, for the F1/2 signal, the indicator uses a signal level line with a duration of 140 candles, which allows you to see the time and level of the signal, as well as the time of the signal in relation to a certain part of the wave cycle.
In some cases, the indicator allows you to accurately determine the beginning of a five-wave cycle, forming a sequence of 3 F1/F2 signals.
Using the Alligator and the AO indicator of the bill Williams system, you can filter out false F1/F2 signals that will be false and at the same time accurately determine the correction wave. Such signals will be false and trade in the opposite direction.

Fibo grid and indicator

Output levels can be determined using the FIBO grid stretched over the signal level and the nearest peak on the fractal
For the F1 signal, you can hold targets from 161.8 – 421
For the F2 signal, you can hold targets at 161.8 / 261.8
When a new wave or signal occurs, the Fibo targets change accordingly and are determined in relation to the new signal.

What is important to know: F1
/
F2 Signals can be signals of a certain part of the impulse part of the trend movement of the higher timeframe. Therefore, you can search for F1/F2 signals on the lower TFE, in the direction of the higher One. Goals can also be determined by the signal of the older timeframe.
Signal stop levels F1/F2 – can be used as exit/entry levels
If the signal is false, you can trade from its stop level by simply turning the position over.
The gray line on the chart is the stop line for the F1/F2 signal. It can be set by the number of candles from the signal one.

The indicator settings allow you to:

Monitor the current or specified number of assets
Include/Disable any signal on the chart or panel
Receive Alerts for a given signal or combination of signals
Get an Alert for the specified timeframes

Test results:

Forex VTrende MT4 Indicator

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)

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