Technical Indicators for MetaTrader 4
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MetaTrader 4
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Overview
KT Trend Trading Suite is a multi-featured indicator that incorporates a trend following strategy combined with multiple breakout points as the entry signals.
Once a new trend is established, it provides several entry opportunities to ride the established trend successfully. A pullback threshold is used to avoid the less significant entry points.
MT5 Version is available here https://www.mql5.com/en/market/product/46270
Features
- It combines several market dynamics into a single equation to provide a clear depiction of the market trend.
- Draws the rectangular box with entry signals to adequately mark the entry points with local maxima and minima.
- The indicator measures the accuracy of its signals, and simplistically provides several performance metrics.
- It includes a multi-timeframe dashboard which scans all the available time-frames and shows the established trend direction in each time-frame.
Input Parameters
- History Bars: Number of history bars to include for the signals generated in past.
- Signals Period: Its an integer value that decides the magnitude of entry signals.
- Pullback Depth: Its an integer value that decides the depth of pullback that usually occurs before a trend continuation move.
- Trend Period: Its an integer value that is used to find the main trend direction.
- Show MTF Dashboard: Show/Hide the Multi-Timeframe scanner dashboard.
- Performance Analysis: Show/Hide the performance analysis metrics(included the MFE trend-line).
- Rest of the inputs are self explanatory.
Developers
Developers can use the following code to import the indicator in expert advisor: double Buy_Signal = iCustom(Symbol(),0,"Market/KT Trend Trading Suite",0,1); double Sell_Signal = iCustom(Symbol(),0,"Market/KT Trend Trading Suite",1,1); double Bullish_Trend = iCustom(Symbol(),0,"Market/KT Trend Trading Suite",2,1); double Bearish_Trend = iCustom(Symbol(),0,"Market/KT Trend Trading Suite",3,1); if(Bullish_Trend>Bearish_Trend){;} // Trend is Bullish if(Bearish_Trend>Bullish_Trend){;} // Trend is Bearish if(Buy_Signal!=0){;} // A Buy Signal Occurs if(Sell_Signal!=0){;} // A Sell Signal Occurs
