Forex trading indicator iTrend

iTrend - trend indicator with many settings. iTrend shows in the manner of two-color histogram trend direction (red line) and trend power (blue line). The iTrend's basic signals - zero line crossing, reaching new maximum or minimum, divergence and convergence. If iTrend Trend Direction line more than zero and increase - looking for buy moment. If in this moment iTrend Trend Power line less than zero and fall down - it's mean that up trend is intensify. If iTrend Trend Direction line less than zero and decrease - looking for sell moment. If in this moment iTrend Trend Power line more than zero and rise up - it's mean that down trend is intensify.

Common parameters - parameters which are influence onto all lines in this trading indicator.

1) "Apply to". Data, on which trading indicator's based. In this case - it's price: Close, Open and so on.

iTrend Trend Direction line's (red line) parameters:

iTrend Trend Direction line based on Bollinger Bands trading indicator Forex, and so iTrend Trend Direction line have similar settings like Bollinger Bands trading indicator:

1) "Mode". Set, which line of Bollinger Bands use for iTrend Trend Direction line calculation: Main, Top or Bottom

2) "Period". iTrend Trend Direction line's period

3) "Deviation". iTrend Trend Direction line's deviation

iTrend Trend Power line's (blue line) parameters:

iTrend Trend Power line based on Alex Elder's Bear Power and Bull Power Forex trading indicators

1) "Period". iTrend Trend Power line's period