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cTrader Mega Trend Indicator


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cTrader Mega Trend Indicator

The indicator combines Moving Average Crosses with the SuperTrend to highlight strong trends and weak trends while internally the Moving averages are used to identify a long term trend while the SuperTrend allows to segment strong and weak cycles of the trend identified by the moving averages.
(OS) Type: Windows Compatible
Current version: 1.0.0
Updated: Sunday, 12 January 2025

cTrader Indicator
£27.49 Excl. VAT.
cTrader License

This purchase grants a 2-year license.





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Educational use only: Read our disclaimer

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.

 

cTrader Super Trend Indicator

 

 

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.

 

Join Telegram Community

You can join a Telegram community and chat with other traders to discuss, share and ask for help.