Wednesday, February 8, 2023

Alpha Trend Spotter Free

Real author:

Andy Ismail

This is an indicator for finding the strongest trend each day, suitable for intraday trading or a swing trading.

How to use:

  1. RED BAR means Bearish Trend for the next candle;
  2. GREEN BAR means Bullish Trend for the next candle;
  3. ORANGE BAR means Sideways Trend for the next candle.

Example:

If we are using D1 timeframe, see the last BAR. If the bar is RED BAR, open short/sell for today.

If we are using H1 timeframe, see the last BAR. If the bar is GREEN BAR, open long/buy until next hour.

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