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    cTrader Mega Trend Indicator


    14-Day Refund Option (Read Policy) - Pay Once, Use Forever

    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.
    Type: cTrader Indicator
    Current version: 1.0.0
    Requires: Windows 10
    Published: 10 May 2021
    Page last updated: 16 May 2021

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    £29.99

     

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    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.

     

    Instant Chat Support

    If you want a speedy reply to your questions just post your questions on our Telegram chat group.