EasyTrend - powerful indicator using a neural network
EasyTrend is simple and at the same time very powerful indicator, which is suitable for both scalping and long-term trading. The indicator is not repainted and automatically detects the current timeframe and adapts to it. In the indicator settings, you also do not get confused - there everything is simple and there are no parameters that are incomprehensible to the trader.
Characteristics of EasyTrend
Platform: Metatrader4
Currency pairs: EURUSD, GBPUSD, NZDUSD, AUDUSD, USDCHF, USDCAD, USDJPY, XAUUSD, XAGUSD
Trading Time: Around the clock
Timeframe: M1, M5, H1, H4, D1
Recommended broker: RoboForex, InstaForex, XM
How the EasyTrend works
According to the developer of the indicator, the principle of its work is as follows:
“It is based on the analysis of the current change in the price deviation from its average value over a certain period and the statistical average of the absolute value of this parameter. The analysis results are adjusted by the sensitivity coefficient and vertical shifts, which in turn depend on the current trading instrument, timeframe and inclination angle of the trend channel. All internally variable parameters, values and automatic adaptation is managed by a simple neural network.”
How to use the EasyTrend
Since the EasyTrend is a trend indicator, the author recommends trading in the trend and checking the signal at higher timeframes.
The timeframes for checking the trend:
Current timeframe Timeframes for checking
M1 M5 and M15
M5 M15 and H1
M15 H1 and H4
M30 H4 and D1
H1 H4 and D1
H4 D1 and W1
D1 W11 and MN1
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