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The Alchemy TrendCatcher indicator combines 2 separate trend modules, the Alchemy TrendDirection module and the Alchemy Strong Trend module. This indicator is a powerful trend trading tool that is very easy to use.
The TrendDirection module of this indicator identifies the market trend and displays a logical trailing stop in order to stay with the trend for longer moves. With this TrendDirection, you will never miss a big market move. This TrendDirection module contains a proprietary market trend and volatility calculation that works in any market and on any time frame. This indicator will help you to stay in the right direction of any market move. The Alchemy TrendDirection trailing stop is self-adaptive to the market's current volatility, therefore minimizing the initial risk while staying with the trend.
Additionally, this indicator uses the Alchemy Strong Trend module as a strong trend detector. It signals the strength of a developing trend and increases the reliability of a follow through of a previous reversal or breakout. When a strong trend is detected, the indicator color codes the price bars and displays an entry zone at a logical retracement area, which provides a better entry price into the direction of the new trend. This trend confirmation method eliminates a large percentage of whipsaws and filters out a significant amount of noise when the market is in a non-trending, consolidating phase. At the same time, it catches all major market moves.
For chart examples, please go to http://www.tradingalchemy.com/ViewChartsTrender.htm
For pricing information, please go to http://www.tradingalchemy.com/OrderF...dicatorpackage
The TrendDirection module of this indicator identifies the market trend and displays a logical trailing stop in order to stay with the trend for longer moves. With this TrendDirection, you will never miss a big market move. This TrendDirection module contains a proprietary market trend and volatility calculation that works in any market and on any time frame. This indicator will help you to stay in the right direction of any market move. The Alchemy TrendDirection trailing stop is self-adaptive to the market's current volatility, therefore minimizing the initial risk while staying with the trend.
Additionally, this indicator uses the Alchemy Strong Trend module as a strong trend detector. It signals the strength of a developing trend and increases the reliability of a follow through of a previous reversal or breakout. When a strong trend is detected, the indicator color codes the price bars and displays an entry zone at a logical retracement area, which provides a better entry price into the direction of the new trend. This trend confirmation method eliminates a large percentage of whipsaws and filters out a significant amount of noise when the market is in a non-trending, consolidating phase. At the same time, it catches all major market moves.
For chart examples, please go to http://www.tradingalchemy.com/ViewChartsTrender.htm
For pricing information, please go to http://www.tradingalchemy.com/OrderF...dicatorpackage