cTrader Mega Trend Indicator

The cTrader Mega-Trend indicator is a combined indicator that helps a discretionary trader to isolate 4 potential market conditions:

• Strong Downtrends
• Weak Downtrend ( potential reversal )
• Strong Uptrend
• Weak Uptrend ( potential reversal )

The indicator combines Moving Average Crosses with the SuperTrend to highlight strong trends and weak trends ( potential reversals ) while internally the Moving averages are used to identify a long term trend ( subject to the common moving average lag ) while the SuperTrend ( and its volatility based mechanics ) allow to segment strong and weak cycles of the trend identified by the moving averages.

Key Data Settings

The following parameters are used in the indicator.

• Slow Moving Average Type
• Slow Moving Average Periods
• Slow Moving Average Source
• Fast Moving Average Type
• Fast Moving Average Periods
• Fast Moving Average Source
• SuperTrend ATR Moving Average Type
• SuperTrend ATR Periods
• SuperTrend ATR Multiplier

User Interaction

The above conditions are represented in 2 ways on the chart.

Non-overlay oscillator line that represents 4 statuses as per the map below (colour selection ) :

• Strong Uptrend ( 1 )
• Weak Uptrend ( 0.5 )
• Weak Downtrend ( -0.5 )
• Strong Downtrends ( -1 )

Optional bars colour painting on the main chart ( Bar colouring toggle )

• Strong Uptrend ( Dark Green )
• Weak Uptrend ( Light Green )
• Weak Downtrend ( Orange )
• Strong Downtrends ( Red )

API - Interface used for cTrader cBots

Technically the indicator exposes a TREND OSCILLATOR data series for eventual cBot integration

How To Install

First, make sure you have the cTrader trading platform installed and then simply unzip the file and double-click on it to automatically install it onto the platform.

• How to install
• How to open

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