Description
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TRENDEX - Professional Trend Indicator
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Trendex is a powerful trend detection indicator designed for traders who want clear, actionable BUY and SELL signals directly on their cTrader charts.
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WHAT TRENDEX ANALYZES
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Trendex analyzes price action using a proprietary algorithm based on:
- High/Low price movements with configurable amplitude
- Moving average smoothing for signal precision
- ATR-based volatility measurement
- Trend strength calculation with bar-by-bar analysis
The indicator combines these elements to generate reliable trend reversal signals while filtering out market noise.
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HOW TO READ THE SIGNALS
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β² GREEN ARROW = BUY Signal
The trend turns bullish. Price crosses above the Trendex line.
Enter long positions when the green arrow appears.
βΌ RED ARROW = SELL Signal
The trend turns bearish. Price crosses below the Trendex line.
Enter short positions when the red arrow appears.
π DASHBOARD
Displays real-time information: current price, Trendex line value,
distance in pips, bars in trend, trend strength (0-100%), ATR value,
and volatility percentage.
π TRENDEX LINE
Green line = Bullish trend active
Red line = Bearish trend active
The line acts as dynamic support/resistance.
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KEY SETTINGS & PARAMETERS
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- Amplitude (default: 2): Sensitivity of trend detection
- ATR Period (default: 100): Volatility measurement period
- Smoothing: Moving average type (Simple, Exponential, etc.)
- Arrow Offset: Distance of arrows from the line
- Minimum Trend Bars: Filter weak signals by minimum trend duration
- Show Dashboard: On/Off with 4 position options
- Sound Alerts: Audio notifications on signal changes
- ATR Channel: Visual volatility bands
- Hide Last Bars: Shift indicator to avoid repainting
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TRADING SCENARIOS
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β Scalping (M1-M5)
Use Trendex with Amplitude 1-2 for quick entries.
Combine with ATR channel to set tight stop losses.
β Day Trading (M15-H1)
Default settings work best. Wait for arrow confirmation
and use the Trendex line as trailing stop.
β Swing Trading (H4-D1)
Increase Minimum Trend Bars to 3-5 to filter noise.
Use dashboard strength >70% for high-confidence setups.
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WHO IS THIS FOR
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- Beginner traders: Clear visual signals make decisions easy
- Experienced traders: Professional dashboard and filters
- Scalpers: Fast signals on low timeframes
- Day traders: Reliable trend following
- Swing traders: Strong trend confirmation tool
Works on ALL markets: Forex, Indices, Commodities, Crypto, Gold.
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IMPORTANT NOTES
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- Trendex is a technical analysis tool, not a guarantee of profit
- Always use proper risk management
- Combine with support/resistance levels for best results
- Past performance does not guarantee future results
- The indicator may repaint on the current bar until it closes
- Test on demo account before live trading
Summary
A real-time dashboard provides detailed information such as current price, Trendex line value, distance in pips, bars in trend, trend strength (0-100%), ATR value, and volatility percentage. Key configurable parameters include amplitude sensitivity, ATR period, moving average type, arrow offset, minimum trend bars to filter weak signals, dashboard display options, sound alerts, ATR volatility channel, and a feature to hide last bars to reduce repainting.
TrendeX supports multiple trading styles: scalping (M1-M5), day trading (M15-H1), and swing trading (H4-D1), with recommended settings for each. It is suitable for beginner and experienced traders seeking a visual, AI-assisted tool for trend following and reversal signals.
