Trend Striker Extreme indicator: search for trend reversal points
Trend Striker Extreme indicator - Another representative of the trend indicators for the MetaTrader 4 terminal. We can't say that it represents something new - the same principle, with the same problems on the flute and the lag in the closing of trades.
An additional inconvenience of the Trend Striker Extreme indicator is its appearance, which makes it extremely difficult to see not only the other indicators in a bunch, if any, but also just the filter itself. It is clear that blue bars tell us about an uptrend and red ones - about a downtrend, but why draw them on the rest of the chart? ForTrader.org traders had their eyes glazed over while we were looking at the charms of this design.
In general, the trend indicator Trend Striker Extreme does not overdraw, indicates the direction correctly and confidently, helps audible signal when the change trend. It would look good, apparently, in multicurrency trading, but you will need to decide on the main timeframe for the output, because its lag is quite strong.
The indicator displays graphically the direction of the signal and its strength, you should not take this data as a guide to action when the trend has already been marked for quite some time. If you decide to use indicator Trend Striker Extreme, ForTrader.org recommendation - add an oscillator to it to feel when the market is overbought or oversold.
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