New Trend Alerts finds new trends at the changing bar very quickly. If the trend has enough power and a quality up/down angle, then the indicator sends multiple alarms to alert you: via email, mobile notification, alert window and alert sound. All of these different alarms are optional, and you can choose which ones you would like to use.
The indicator calculates the derivative of the price chart to reveal the slope of price curve and its sign changes. Red bars indicate a positive sign or uptrend and Cyan bars indicate a down trend. There's another visual alarm, a Black bar. After a trend direction change, the bar in the indicator changes to a black color. So you are equipped with 5 different signals and will never miss out on a trend.
Positive values of the indicator curve show the existence of uptrends and vice versa. Changing from Red bar to Cyan bar simply reveals how close the end of the trend is. So an uptrend will have not finished after the appearance of the Cyan bar
There are two group of input parameters: Indicator Setting consists of period, SOFTNESS and Accuracy, and Alert Setting. With a higher value of SOFTNESS, the indicator ignores little price changes and low trends. Therefore, the indicator stays at its state longer as an up or down trend. Less SOFTNESS, results in more sensitivity but lower accuracy. Accuracy parameter is used to control when to send the alarm. The minimum value is 40 pips. If the variation of price curve is less than the Accuracy value, then no alarm will be sent.
New Trend Alerts has less sensitivity on short timeframes such as M1 and M5. Therefore, you can select longer timeframes like H1 and higher.
PLEASE NOTE : You should enable notifications in MetaTrader in order to receive Email and Mobile Notifications from this indicator. To do so, go to Tools menu, select Options, choose Email and add a check-mark to Enable notifications and fill the boxes. Also copy your MetaTrader ID from your mobile phone and paste it to the PC version of MetaTrader:
Tools/Options/EmailTools/Options/Notifications
Input Parameters :
Indicator Setting
period
Period
SOFTNESS
Softness of Curve (0<S<1)
Accuracy
Accuracy of Alerts (pip)
Alert Setting sendEmail Activate Send Email? sendNotification Activate Send Cell Phone Notification? SoundAlert Activate Alert Sound? AlertWindow Activate Alert Window?
