Simplistic and straightforward to make use of Halftrend scanner.
https://www.mql5.com/en/market/product/69230
Please be aware, that this isn’t a full buying and selling system. It can allow you to get preliminary Halftrend alerts. And it’s for use along with your current Halftrend methods.
Get free Demo:
Demo model solely permits 3 pairs. However incorporates all performance of the particular dashboard.
So you possibly can strive it earlier than shopping for 🙂
Use the connected Halftrend Indicator on your Chart template.
Dashboard refreshes each new bar. So set the MT4 base chart to the bottom timeframe in your dashboard:
Video Tutorial:
Halftrend is superb with discovering developments:
Options:
- Halftrend Arrow Scan:
- Scan Max Previous Bars for Halftrend arrows. Present what number of bars again the arrow occurred in a bracket
- Previous Bars Again Alerts: Num of bars again for which scanner will ship alerts
- Halftrend HTF Align:
- Scan Greater timeframes for Pattern Path of Halftrend Indicator and if developments align present a slanting Inexperienced/Pink Arrow for Up/Down pattern
Settings:
See Scanner frequent settings:
https://abiroid.com/indicators/abiroid-scanner-dashboard-common-settings
Shift: Begin scanning for halftrend from “Shift” bar to “Max Previous Bars“. Shift is 1 by default. However if you’re not desirous about new alerts 1 bar again, then preserve Shift to larger worth.
Don’t use 0, since halftrend may repaint whereas forming on present bar. Min potential worth is 1.
Previous Bars Again Alerts: Variety of bars for which earlier alerts are additionally despatched. Suppose it’s 5. And while you load scanner, it’s going to additionally give alerts if Halftrend arrow had occurred 5 bars again.
Additionally Blocks will mild up Pink/Inexperienced if a sign was there inside previous 5 bars.
Filter: 3LZZ Semafor Earlier than Halftrend Arrow:
If true, it’s going to examine for a semafor 3 occurring proper earlier than halftrend arrow (inside Max Bars).
Even in case you set “Max Bars Again Test Sem3” to the next worth like 20, ensure that worth continues to be close to the Sem3 worth, and is on it’s help/resistance.
By the point halftrend arrow happens.
If worth has gone too far, by the point halftrend sign is there, keep away from the commerce. Or watch out.
It can alert and spotlight provided that a Semafor 3 is there. It makes use of this indicator to calculate Semafor3
Halftrend and Worth Cross Test:
If it’s essential to understand how lengthy again did worth cross Halftrend line (HT-Line).
Or if worth continues to be in identical route as pattern. And by what number of factors, then this examine shall be helpful.
By default worth crossing HT-Line alerts are off. You may also Present/Cover the Worth and HT-Line Distance, Cross Arrows and bars in brackets.
Test HTF Align: Hold true, if you wish to examine Greater timeframe’s Halftrend route
Alert provided that HTF Align: If true present Halftrend Arrow alerts, solely when all chosen variety of HTF are aligned in identical route
So, if up arrow happens in present timeframe (say M15), and num of HTF examine is 2. Then pattern needs to be upwards in M30 and H1. Solely then halftrend arrow alert shall be proven.
Num HTF: Variety of Greater timeframes to examine for pattern alignment with present timeframe.
Suppose present TF is M15 and “Num HTF” is 2. And present Halftrend route is Bullish. It can examine M30 and H1 for Bullish Pattern as properly. And present a slanting Up Inexperienced Arrow if Bullish.
Slanting Down Pink arrow is for Bearish Alignment.
Halftrend Amplitude: Set to larger worth to get halftrend arrows additional aside and to get for much longer developments.
Easy methods to learn the symbols:
An up Halftrend Arrow had occurred 21 bars again. And chosen variety of Greater-timeframes are aligned in upwards halftrend Pattern.
Worth had gone beneath HT-Line and crossed again up HT-Line 6 bars again.
And worth is now 114 factors above the road.
Making Trades:
So, Halftrend can be utilized for pattern based mostly buying and selling following the next TF pattern, or additionally for reversal based mostly scalping.
When scalping, it’s higher to commerce when market goes sideways. (fast: HT Amplitude 1, longer scalps: Amplitude 2)
And pattern based mostly is beneficial when market is in a constant pattern. (HT Amplitude 5)
Suppose worth is shifting in an UpTrend. However worth crosses halftrend-line down and crosses it again up, then uptrend has held robust.
Additionally, the space from halftrend-line will present how a lot worth has progressed. Suppose worth has already gone actually far, then not good to get in pattern now.
So, one thing like this shall be good for a Pattern based mostly commerce:
HT Arrow had occurred 25 bars again. And Greater Timeframes HT-Pattern is aligned upwards.
Additionally worth has simply crossed HT-line simply 1 bar again, and continues to be close to the HT-line by simply 22 factors.
And taking a look at chart, we see that worth has been in a constant up pattern, but it surely does appear to be slowing.
I personally wouldn’t commerce but, till I see a robust quantity breakout bar upwards, which breaks by way of the present resistance forming:
Level is, even in a pattern, worth makes smaller and smaller ranges. After which continues pattern. When worth begins to vary, the value will cross HT-Line and again.
So, it’s going to assist detect these ranges, and pattern continuation factors. Particularly with larger amplitude like 5.
