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Trendcatcher indicator

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Resh1969

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The Trendcatcher Indicator is great at finding new trends and trend reversals. When a peak forms it indicates that the price will fall and when a valley forms it indicates that price will rise. It's a real simple indicator. A stop loss should be set above or below the nearest support or resistance level. Different time frames should be used. For example when peaks form on the m5 and also the h1 it is a great signal to sell.



Linkback: https://www.forex.zone/mt4-mt5-indicators/8/trendcatcher-indicator/666/
#1 - January 21, 2019, 03:35:30 PM
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« Last Edit: July 15, 2024, 06:59:41 PM by Admin »
Trendcatcher indicator in MT4 / MT5 Indicators_topic=4522

Admin

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Here is what the Trendcatcher indicator looks like. This example is from the M1 time frame and it was only a minor signal and it still had okay results. With higher time frames and with the major signals, it should work even better. See the before and after images. 
#2 - January 22, 2019, 11:41:04 PM
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Francoisvs

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If we can get this and other great ideas into one, I'm sure we can code an EA that makes money. (Or just develop a trading strategy, which I will will obviously try and code ::))
So, Come on fellow members, lets hear your ideas.
I see Admin and Reshleman like to play around with time frames, what are the other inputs, and let's see if we can come with something GREAT
#3 - January 23, 2019, 12:41:19 AM

Admin

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Quote from: Francoisvs on January 23, 2019, 12:41:19 AM
I see Admin and Reshleman like to play around with time frames...
I used the M1 just for testing purposes since bars form fast. I think if an indicator like this works on the M1 then it has a good chance of working on the more stable time frames even more.

Here is another example using the M1. Default settings were used. I personally will not be using this indicator in my trading, but other members might find this useful.
#4 - January 23, 2019, 02:37:16 AM
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zhamal andreal

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Quote from: Reshleman1969 on January 21, 2019, 03:35:30 PM
The Trendcatcher Indicator is great at finding new trends and trend reversals. When a peak forms it indicates that the price will fall and when a valley forms it indicates that price will rise. It's a real simple indicator. A stop loss should be set above or below the nearest support or resistance level. Different time frames should be used. For example when peaks form on the m5 and also the h1 it is a great signal to sell.
it looks like your indicator is very good if it is used to find the direction of market movements, where to sell and where to buy. But I hope you can help me to be able to use it more correctly.because to gain profit in the market is very happy and requires a qualified knowledge to fight the cruel markets.
#5 - February 07, 2019, 08:34:26 AM

kisumam

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Quote from: Reshleman1969 on January 21, 2019, 03:35:30 PM
The Trendcatcher Indicator is great at finding new trends and trend reversals. When a peak forms it indicates that the price will fall and when a valley forms it indicates that price will rise. It's a real simple indicator. A stop loss should be set above or below the nearest support or resistance level. Different time frames should be used. For example when peaks form on the m5 and also the h1 it is a great signal to sell.
yes l agree with you besides we use our indicator also don't forget to put stop loss.
#6 - February 07, 2019, 09:04:19 AM

zhamal andreal

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Quote from: Reshleman1969 on January 21, 2019, 03:35:30 PM
The Trendcatcher Indicator is great at finding new trends and trend reversals. When a peak forms it indicates that the price will fall and when a valley forms it indicates that price will rise. It's a real simple indicator. A stop loss should be set above or below the nearest support or resistance level. Different time frames should be used. For example when peaks form on the m5 and also the h1 it is a great signal to sell.
Thank you for being willing to share the idator that is very useful, I think, but you have shared it for free in this forum, permission to use it because it is very good to see the buy trend run out and the sell trend starts to weaken, and hopefully you can share me in using it
#7 - February 08, 2019, 09:45:22 AM

Dwiki Fatoni

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Thanks for Reshleman1969 and Admin, in here I can get more knowledge in Trandcatcher.. Always success
#8 - February 08, 2019, 11:20:37 AM

Neo182

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;D;D;D;Dvery helpful article I hope you are diligent to post other articles and I really like that
#9 - February 09, 2019, 01:14:56 PM

ageseko

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how to read the signal, how come the result of this indicator is how? at first glance I saw it was easy but when it was installed on the chart that was running it became a little confused, maybe there was a little explanation of the functions in the indicator
#10 - February 12, 2019, 09:03:25 AM

Mohamad Fatkhurozi

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RSI with Trend Catcher signal (RSI-TC_New) – indicator for MetaTrader 4 is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.

RSI with Trend Catcher signal (RSI-TC_New) – indicator for MetaTrader 4 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly.
#11 - February 12, 2019, 10:53:59 PM

ageseko

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Quote from: Mohamad Fatkhurozi on February 12, 2019, 10:53:59 PM
RSI with Trend Catcher signal (RSI-TC_New) – indicator for MetaTrader 4 is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.

RSI with Trend Catcher signal (RSI-TC_New) – indicator for MetaTrader 4 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly.
indeed the RSI indicator is good so why do many people use this indicator to get signals from their trading, because they can measure the overbought / oversold area and also measure the strength of the trend
#12 - February 13, 2019, 01:45:55 AM
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