Trend trigger factor - discontinued signal line(s)
Info
The Trend trigger factor - discontinued signal line(s) is a Indicator for MetaTrader 5 that theory : trend trigger factor was described by m. H.
Usage
This tool is typically used for trend following strategies across multiple currency pairs.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Trend trigger factor - discontinued signal line(s)
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
Theory : Trend Trigger Factor was described by M.
Typical Use Case
This Indicator excels in trend following on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Gold Spread AT R Trend Panel for MetaTrader 5 - another powerful indicator for MetaTrader 5 traders.
Theory :
Trend Trigger Factor was described by M.H. Pee in the Technical Analysis of Stocks and Commodities magazine in December, 2004. Usually the indicator is added some sort of smoothing in order to filter out the false break results.
Also recommended: Supertrend Indicator: ATR-Based Trend Following for MetaTrader 5 - similar indicator with strong performance on MetaTrader 5.
It is using averages filter out prices prior to being used in calculation. That way the lag added is smaller then when the smoothing is used on the calculated result. The averages that can be used are the following :simple moving average (SMA)
exponential moving average (EMA)
smoothed moving average (SMMA)
linear weighted moving average (LWMA)
Usage :
You can use the color change for signals
PS:
Usual "big picture example" with slightly different settings (visible from the example) - as usual, some experimenting with parameters advised before using it in real trading
You may also like: Self-Aware Trend System (SATS) for MT5 - excellent alternative for indicator users on MetaTrader 5.
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.