Equalizer MT5 is a trend indicator that can be used as:
- trend filter
- tigger entry
- trailing stop
Trend filter : with blue histogram we have bull market; with red histogram we have bear market and; with gray histogram we have consolidated market.
The tigger : with the increase in the size of the histogram bars we can have possible entry points into a trend.
The trailing stop : in a trend, when the size of the histogram bars increases we can move the stop loss to the price bar corresponding to the histogram bar that has increased.
