Next-gen buy-sell signals
Supercharge your trading with our best Indicators for ProRealTime™
True trend indicator
Part of the PPA indicator set
We can use it to identify possible trading opportunities when we see a latent trend direction contrary to the primary trend. When this happens we are possibly seeing a corrective wave that has a high probability of reversing to re-align with the primary trend direction.
Description
The true trend indicator has 2 lines that are either green (bullish) or red (bearish). The thicker line represents the ‘True Trend’ while the thinner one represents the ‘Latent Trend’. Both of these are derived from buyer/seller pressure and their ability to push price beyond the bounds of the typical trading range.The true trend indicator has 2 lines that are either green (bullish) or red (bearish). The thicker line represents the ‘True Trend’ while the thinner one represents the ‘Latent Trend’. Both of these are derived from buyer/seller pressure and their ability to push price beyond the bounds of the typical trading range.
How can the indicator be used?
Identify trading opportunities
Input to your manual trading
Analyze primary and secondary trends
Juan Jacobs
Developer
(FX Automate)
With a BSc in Business Information Technology, Juan traded a 7-year career as a Systems Analyst for full-time trading. Through logic and methodology, Juan's created numerous successful trading systems and indicators. His contributions to ProRealTime are a testament to his expertise, making him a respected figure in the community.
Release date
Sept 2023
Market
Which ever