Our Double trend trap indicator is at the instant confirming the dearth of a longtime trend within the market. With established we tend to mean a trend that is going down on each the four hour and daily chart. for certain we’ve got trends on the four hour or daily chart, however not one that’s in synchronise with one another. Here is Associate in Nursing example:
That is but excellent news. Why? The market doesn’t trend all the time. this may actually occur once in a while – albeit a bargainer appearance at alternative pairs than the majors. that’s why our trend indicator is effective altogether cases: once there’s a trend or not.
The trend indicator permits Forex traders to research the trend with a clothed approach. Without it, most traders don’t seem to be sure whether or not they use precisely the same technique for distinctive the trend. and since of this, they are doing not apprehend whether or not there’s very a scarcity of trend, or whether or not it’s their own misjudgment of the market. With our DTT trend indicator, the nice news is that Forex traders notice that it’s not their own mistake or miscalculations… they apprehend that the market is simply not in synchronise on the four hour and daily. finish of story. No second dead reckoning.
- zigzag lows connecting trend line thinkscript