Author: BECEMAL
If you're looking to elevate your trading game, the Simple Trend Detector might just be the tool you need. This straightforward oscillator measures the difference between the opening and closing prices of candlesticks, providing a clearer view of market trends.
Similar to tools like the RSI and DeMarker, the Simple Trend Detector offers enhanced sensitivity, helping you detect price movements more effectively. So, if you're already using these indicators, incorporating this one into your strategy could give you that extra edge.
This handy indicator was first coded in MQL4 and has been a part of the trading community since it was published in the CodeBase back on July 26, 2010.
Fig1. The STD indicator
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