Half Trend Pro is a famous moving-average-based trend indicator in the MetaTrader world that suits all trading styles, all instruments, all timeframes.
Half Trend Pro relies on price-action high/low as well as moving averages of price. The indicator applies its own formula to find an average value of price over a user-defined lookback period.
The indicator colorizes plots, paints bar, and highlights background based on the market trend (up or down).
Half Trend Pro provides trend signals in such a simple way that traders of all levels can easily apply them for real trading purposes.
Key features:
- Plot Half Trend
- Plot offset high/low
- Allow configuring lookback period
- Allow configuring offset multiplier
- Allow selecting from
- Allow smoothing the moving average (with
)
- Colorize plot based on 2 phases: uptrend, downtrend
- Colorize bars to show 2 phases: uptrend, downtrend
- Paint background to show 2 phases: uptrend, downtrend
- Paint the "half" region between plot and offset high/low
- Print markers on trend start
- Trigger alerts on trend start
- Be NinjaScript ready for advanced usage, only restricted by your imagination
- Expose dedicated NinjaScript signals
Dedicated NinjaScript signals:
- Signal_Trend: 1 = uptrend, -1 = downtrend
- 05 Jul 2021 - The indicator was released (build new).
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