Description
• Pick Your Price Type: Choose from 7 ways to calculate prices (Close, Open, High, Low, Median, Typical, Weighted) so you can set it up the way you like to trade.
• Sound Alerts: Get a beep when the market is turning up or down, so you don't have to watch your screen all day. You can turn alerts on for up moves, down moves, or both.
WHAT IT DOES:
- Smooths out price jumps so you can see the real trend
- Changes colour as the trend gets stronger
- Spots when trends are starting or ending
- Shows you important price levels with dots
- Can draw arrows pointing to possible trade spots
- Colours your price bars to match the trend
- Only alerts you when signals are real, not false alarms
USE CASES:
* Identify and follow strong uptrends and downtrends with gradient-based visual cues.
* Leverage the plotted dots as dynamic support and resistance levels to refine entry and exit strategies.
* Combine with other indicators for confirmation of trends and reversals.
Perfect for traders who want a clear, simple way to follow trends and get notified when things change.
Disclaimer
Trading involves risk. Always practice proper risk management and never risk more than you can afford to lose.
Summary
Key features include dynamic support and resistance levels marked by dots, arrows indicating potential trade entries, and price bar coloring aligned with trend direction. Sound alerts notify traders of market turns, configurable for upward, downward, or both movements, reducing the need for constant screen monitoring. The indicator aims to minimize false signals by alerting only on confirmed trend changes.
Dual Trend Filter supports multiple markets including Forex, stocks, indices, commodities, and cryptocurrencies. It is suitable for traders seeking a straightforward method to identify and follow strong trends, refine entry and exit points, and combine with other indicators for confirmation.
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