Thursday, January 7, 2010

Trendbar Indicator

Here is a cool indicator I use in my chart. Its called the TrendBar indicator. It gives a color coded signal on the trends on all time frame for that particular currency pair. Green for Up Trend, Red for Down Trend and Yellow for Sideways. These gives me a summary of what is the trend on other time frames at one go.

Here is a sample picture on how the indicators looks like on your chart. Click on the image to have a better view.




You can download the indicator here. Download Here

Cheers,
Mike PS

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