Daily trend ZCOMForex
Daily trend ZCOMForex
A very useful indicator to show the trend of 4 currency pairs on your charts.
You will be able to choose 4 currency pairs to show a daily trend.
The trend is determined by these indicators:
Smoothed Moving Average (100) of H1 chart;
Smoothed Moving Average (50) of H1 chart;
Stochastic (30,1,3) of H4 chart.
The trend is Down when SMA(50) < SMA(100) and Stochastic is below 50 levels. The trend is Up when SMA(50) > SMA(100) and Stochastic is above 50 levels. There is a Flat determined when SMA(50) > SMA(100) and Stochastic is below 50 level and vice versa.
