441# Forex Trend Direction Indicator

Trend Following Strategy

Submit by James 22/03/2012


The default version allows you to use two modes, optimized, and manual.

Optimized mode calculates the stop line by using a 14 period EMA smoothed

ATR(14) multiplied by a fixed multiplier of 2.824. In manual mode, you set a

fixed number of pips you want the stop line to be drawn. In this version,

there are two modes:

1.ATR mode (customizable ATR period, multiplier, and smoothing)

2. Fixed stop mode (customizable fixed stop)

The input parameters are as follows:

* UseATRMode - This calculates the stop line based on ATR using customizable

period, multiplier and smoothing.

* NonATRStopPips - If "UseATRMode" is false, then this value is the number of fixed

pips to place the stop line.

* ATRPeriod - If "UseATRMode" is true, then this sets the ATR period.

* ATRMultiplier - If "UseATRMode" is true, then the ATR value will be multiplied by

this value when calculating the stop line.

* ATRSmoothing - If "UseATRMode" is true, then this will smooth the selected ATR

with an EMA of this smoothing period.

* UpArrowColor - The color the Up arrows will display in.

* DnArrowColor - The color the Down arrows will display in.

* ArrowDistance - This can adjust the distance away from the stop line that the

arrows appear. By default, the arrows appear directly above or below the stop line. A

positive number here will move the arrows further away from the price. A negative

number will move it closer to the price.

For the default trend direction behavior, set the following:

UseATRMode = true

ATRPeriod = 14

ATRMultiplier = 2.824

ATRSmoothing = 14


In the picture Forex Trend Direction Indicator forex system in action.

Forex Trend Direction
Forex Trend Direction

Share your opinion, can help everyone to understand the forex strategy.

Comments: 3
  • #3

    Soman (Saturday, 24 March 2018 18:02)

    It looks good as far as trend is concerned.

  • #2

    Al (Tuesday, 06 September 2016 05:30)

    Is there an mq4 version of this?
    Or is there a version that gives email alerts when the arrows show?

  • #1

    Ronald (Wednesday, 10 August 2016 19:55)

    Would it be possible to show the arrows after bar close (so not on the current bar)? Thanks in advance!

Forex Trend Direction indicator
Forex Trend Direction indicator
Trend direction indicator.rar
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Forex Trend Strategies