Tidane Trend Indicator on MetaTrader 5 – Free – [TFlab]

The Tidane Trend Indicator MT5 is a powerful technical analysis tool designed for MetaTrader 5 (MT5). Utilizing Bollinger Bands, it helps traders identify market trends and potential reversal points. The indicator displays two dynamic color-changing lines, where the shift in color serves as a signal for entering or exiting trades.


You can download it from this link:

https://cdn.tradingfinder.com/file/4...5-by-tflab.zip


You can also access the MetaTrader 4 version of this Indicator through this page:

https://www.cryptocraft.com/thread/1...tatrader-4-mt4


For instructions on how to install:

https://www.forexfactory.com/thread/...-in-metatrader





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Overview of the Tidane Trend Indicator

1. Indicator Categories:
   1. Signal & Forecast MT5 Indicators
   2. Trading Assistance Indicators
   3. Level Indicators

   
   
   
   

2. Platform Compatibility: MetaTrader 5
3. Skill Level: Beginner to Intermediate
4. Indicator Type: Reversal Signals
5. Timeframes: Multi-timeframe compatible
6. Trading Styles:
   1. Swing Trading
   2. Day Trading
   3. Scalping

   
   
   
   

7. Markets Supported:
   1. Forex
   2. Cryptocurrencies
   3. Stocks

   
   
   
   

How the Indicator Signals Work

The Tidane Trend Indicator generates actionable signals based on price interaction with the colored lines:

1. Bullish Trend Signal:
   1. Triggered when price crosses above the orange line.
   2. A green line appears, signaling the beginning of an uptrend.
   3. Traders can enter a buy position and place a stop loss below the green line for risk management.

   
   
   
   

2. Bearish Trend Signal:
   1. Triggered when price falls below the green line.
   2. The orange line appears, indicating the start of a downtrend.
   3. Traders can enter a sell position, setting a stop loss above the orange line.

   
   
   
   

Example of a Bullish Trend

On the Ethereum (ETH) 30-minute chart, when price rises above the orange line, the green line appears as an initial buy signal. Traders can leverage this signal to enter a long position and manage risk effectively using the green line as a stop-loss reference.


Example of a Bearish Trend

For the EUR/GBP 1-hour chart, a break below the green line triggers the appearance of the orange line, signaling a downtrend. Traders entering short positions may use the orange line for stop-loss placement to protect their positions.


Customizable Settings

The Tidane Trend Indicator offers multiple adjustable parameters for precise trading:

1. Bollinger Bands Period: Defines the calculation period for the Bollinger Bands.
2. Deviation: Sets the standard deviation to space the bands.
3. Offset Factor: Adjusts the visual alignment of the indicator lines.
4. Display Signals Mode: Configures how signals and stops appear.
5. Display Line Mode: Enables or disables line visibility.
6. Nbars: Number of candles considered in calculations.
7. ALERT: Enables real-time alerts.
8. EMAIL: Sends alert notifications via email.
9. NOTIFICATION: Activates push notifications.
10. MESSAGE_TIMEOUT: Sets time intervals between alerts.
11. MESSAGE_SUBJECT: Customizes the alert email subject line.

Conclusion

The Tidane Trend Indicator is a practical and intuitive tool for traders using MetaTrader 5. By using dynamic colored lines, it simplifies the process of:

1. Identifying trend reversals
2. Determining optimal entry and exit points
3. Managing risk effectively with visual stop-loss references

It is suitable for all trading levels and supports Forex, Cryptocurrency, and Stock markets, making it an essential tool for those seeking clear, actionable trend analysis.