Our ZenTrend Follower is designed to get you into trends in a safe an risk averse manner. It does not only provide you with buy and sell signals forcing you to either react quickly or miss the trade. Rather, our algorithm detects when a trend setup is active and plots a breakout level where you can enter the trade. This also makes it easy for you to scan many assets quickly: All you need to do is see if the indicator has detected a setup, if not, move on!
To ensure that you capture the trend, the indicator indicator shows you where to place your stop loss as the trend progresses. We will also show you a few other simple ways to exit the trades at higher profit levels in the detailed manual you receive after purchasing the indicator.
The shaded areas on the chart indicate that a trade setup has been detected by the algorithm: Green for bullish setups, red for bearish setups. The blue dots are the breakout level, if the price breaks this level the trade is entered. (as you can see on the chart, they can sometimes move towards the price!) Red crosses are plotted as your trailing stop loss, if price breaks the stop loss the trade is closed.
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Added Alerts. Now easier to set alerts for Setups, Entries and Exits. To add alert click on the indicator on you chart, and click on the "Add alert on Zen-Trend Follower". Then Select the condition you want alerts for (Long Setup, Short Setup, Long Entry, Short Entry, Long Exit, Short Exit).
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We've updated the algorithm to include re-entry points into trends and overextension signals to help you exit at better prices
We'll have short trial periods every once in a while for new users to try the indicator out. We'll start the first one very shortly :) follow us so you won;t mis it!
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Updated for better performance across timeframes and assets
New entry filters
New trailing stop
Principles remain the same: Look for Bullish or Bearish Setups - green shaded areas signal a bullish setup, red shaded areas signal a bearish setup Look for breakout - blue dots are the breakout level, trade is triggered if price crosses it Stop Loss - Either swing low, or use the green dots as a trailing stop Overextension - purple, orange and red dots. Consider tightening stop or taking partial profits.
If you have any questions send me a pm!
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Updated for better performance across timeframes and assets New entry filters New trailing stop
Principles remain the same: Look for Bullish or Bearish Setups - green shaded areas signal a bullish setup, red shaded areas signal a bearish setup Look for breakout - blue dots are the breakout level, trade is triggered if price crosses it Stop Loss - Either swing low, or use the green dots as a trailing stop Overextension - purple, orange and red dots. Consider tightening stop or taking partial profits.
If you have any questions send me a pm!
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added tighter stop function possibility to plot ichimoku buffer values adjusted for true range alerts on long or short setups