This indicator shows the current market trend if bullish or bearish. It also indicates market consolidation.
What it does.
These trends are calculated using four (4) different trending indicators: Indicator 1 (Bar1) - Ichimoku Cloud , Indicator 2 (Bar2) - Gain Hilo Activator , Indicator 3 (Bar3) - Parabolic SAR's and Indicator 4 (Bar4) - Super Trend which have been enhanced for better accuracy. The trend meter bars are filled with green or red colours based on market momentum.
How it does it. When the trend meter indicates all green the trend is bullish. When the trend meter indicates all red the trend is bearish. When the trend meter indicates mix colours the market is consolidating.
How to use it. This indicator works best with the CCT Entry Bar. When all four (4) trending indicators calculate the same trend direction a green or red highlighted bar appears.
Alerts can also be set to make the trader aware of these highlighted bars.
This indicator does not repaint.
To access this indicator use the link below.
Sürüm Notları
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Update
Added Alerts for Bearish and Bullish Trend Highlighted Bar Separately.