Digital Trend Detector

Forex trading has become increasingly popular due to its potential for significant returns. As with any trading system, the need for reliable and accurate tools cannot be overstated. The Digital Trend Detector, a precise Forex tool, is one such innovative solution that makes currency trading a lot simpler.

Functionality and Features of the Digital Trend Detector

The Digital Trend Detector is essentially a digitized version of the Oscillometer indicator. It’s designed to identify and display the onset of new trends in the Forex market. It presents this information through a two-color bar graph. The bar graph changes color to indicate the start of a new trend, using aqua for uptrends and red for downtrends.

The maximum allowed price oscillation amplitude is the parameter used to construct the indicator. The indicator tracks the price and its oscillation amplitude. When this exceeds the maximum amplitude allowed, it’s deemed the start of a new trend, and the bar graph changes color accordingly.

Usability and Adaptability

The Digital Trend Detector is a user-friendly Forex tool. It’s not only powerful and precise, but also easy to use and adapt to different trading conditions. It’s robust against price distortions and doesn’t rely on a specific time frame, allowing traders to transfer it seamlessly from one time frame to another.

The bar graph’s width is adjustable with the mouse, providing a level of customization to suit individual trading needs. A unique feature of the Digital Trend Detector is the blue controls that enable traders to dynamically vary the maximum amplitude allowed, given in pips, on the chart with the mouse.

Alerts and Notifications

This Forex tool offers an alert control that can be activated to notify the trader when a new trend is detected. The alert control turns red when activated. To make the alert permanent, it must be set in the parameters box.

Indicator Adjustment

For the Digital Trend Detector to be of value, it must be adjusted to the price, meaning traders need to modify it until it no longer displays bar changes in the sections of interest. Once the amplitude is set, it will be locked in the indicator’s parameter box. A rule of thumb for adjustment is to always set the smallest allowed oscillation amplitude within the same section, which doesn’t present spurious signals.

Complementary Indicators

While the Digital Trend Detector is a comprehensive tool, it’s recommended to use it in conjunction with other indicators for optimal results. The Oscillometer and Deviation Index are two such recommended indicators.

FAQ Section

1. Where can I watch independent testing of the Digital Trend Detector?
You can watch independent testing of this product on the forexroboteasy.com website.

2. How can I stay updated on the test results of the Digital Trend Detector?
You can subscribe to updates on the results of testing this product on the aforementioned website.

3. What are the recommended complementary indicators for the Digital Trend Detector?
The Oscillometer and Deviation Index are recommended as complementary indicators for the Digital Trend Detector.

We invite readers who have used the Digital Trend Detector to share their experiences and insights. It’s important to note that this is an independent product review and is not affiliated with the product’s developers. As such, all views and opinions expressed are based solely on the product’s features and performance.