For MetaTrader 4
The Quantum Trading trend monitor is a complimentary indicator to the Quantum trends indicator. The trend monitor does exactly what it says on the tin! It monitors the trend for you and removes all the minor pullbacks and reversals, helping you manage your emotions and to stay in the trend to maximise profits. The trend monitor takes a more considered view of the price action, and is the perfect complimentary indicator to the trends indicator.
For MetaTrader 5
The trend monitor indicator has been developed to help you stay in a trend and describes the trend graphically using a solid bar which describes strong bullish trends as bright blue, and strongly bearish trends as bright red. When a trend pauses or weakens the colour of the trend monitor changes to a dark red or dark blue to reflect this weakness. It is here that the trend monitor changes colour, and provides an early warning signal of a potential pause or even a reversal in trend. For a full reversal in trend the colour will ultimately transition from one bright colour to another, in other words bright red to bright blue or vice versa.
The trends indicator works for all the markets on the multi asset MT5 platform and for commodities, stocks, indices, cryptocurrencies and of course forex.