Trend Striker Extreme indicator: search for trend reversal points
Trend Striker Extreme indicator - is another representative of trend indicators for MetaTrader 4 terminal. We cannot 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 perceive not only other indicators in combination, if any, but also just the filter itself. It is clear that blue bars tell us about an uptrend and red bars tell us about a downtrend, but why draw them on the rest of the chart?! The ForTrader.org traders' eyes were glazed over while we were looking at the charms of this development.
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 ExtremeForTrader.org recommendation - pair it with an oscillator to sense when the market is overbought or oversold.
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