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TopTrendIndicator for MT4
January 25th, 2011 by forexcityguy
Here’s an interesting indicator I came across at the forum, its called the TOP TREND INDICATOR for metatrader 4 and its very similar to a chandelier stop indicator except the steps of the chandelier/trend lines are much flatter, but still very accurate. As you can see on this 15 minute chart, at least 4 maybe 5 places to go long, knowing that the trend is up, attempting these buys along the way.
At any rate, I tried this indicator out for a while and the original poster of the TopTrendIndicator Strategy at the forum even said it needs a little tweaking, but he left us to our own devices on that one. So I recommend to all of you that read this to remember that, pelase do some tweaking or calibrating to this indicator before using it.
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