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Identify trend changes for different types of trading and on all types of instruments

With this indicator, you will be able to detect the best trend depending of your type of trading. It can be used with all instruments and all timeframes.

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What is TRENDFORCE indicator?

TrendForce is an unbounded oscillator based only on price indications. It will allow you to identify areas of weakness and strength on a trend.

The principle is simple:

– Signal > 0: high probability of Bull trend

– Signal < 0: high probability of Bear trend

 

How to use it ?

To use this indicator, you have two parameters to set:

– FORCE: this parameter adjusts the force of the signal. The higher the setting, the stronger the signal will be.

– SMOOTH: you can smooth the signal to erase the noise. The higher this parameter is, the less noise there is.

– SCALPING : If activated, it can be used with low timeframes, and ticks.

 

Examples of Trend following

DAX40 – 4 Hours – Long TrendDAX40 20 1

NASDAQ100 – 5 Minutes – Middle/Long Trend
NASDAQ100 5 1

EUR/USD – 1 Day – Long TrendEURUSD 200 10

USD/JPY – 1 Minute – Middle/Long TrendUSDJPY 10 100

Renault – 1 Day – Long TrendRenault 1000 10

Apple – 15 Minutes – Long TrendApple 200 100

Total Energies – 15 Minutes – Long TrendTOTALENERGIE 200 10

Aluminium – 15 Minutes – Long TrendAluminium 75 100

US Light Oil – 5 Minutes – Middle/Long TrendUS LIGHT OIL 10 50

 

Examples of Scalping Mode

NASDAQ100 – 1 Minute – March 09, 2023Scalping Nasdaq 09 03 2023

Dow Jones 30 – 100 Ticks – March 15, 2023Scalping DJ 15 03 2023 1

DAX40 – 5 Minutes – March 16, 2023Scalping DAX 16 03 2023 1

 

Important : don’t forget that wrong signal can be also good trading signal !

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