BSTrend

v10.3
BSTrend

The BSTrend indicator shows you the prevailing currency trend. Blue bars indicate uptrend (1). Violet bars indicate downtrend (-1).

Trading Signals:

  • BUY: Wait for the first blue bar.
  • SELL: Wait for the first violet bar.

(converted from MT4 version by request in the English forum).

 

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Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

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  1. Teddy Coronak • 69 days ago #

    Merci Nicolas pour ce fabuleux indicateur.
    Top!!! Après avoir fait mes tests.

  2. SAM • 65 days ago #

    Hi Nicolas,
    Thank for this code…. i look that the picture that you have posted is for a tick-grafic. What is the best time frame for this indicator?

    • Nicolas • 65 days ago #

      I would prefer non time dependent “timeframe”. For any indicator, in my opinion, it is always better to rely only on price and not on time passing by..

  3. SAM • 64 days ago #

    Thanks!!

  4. JvdG • 46 days ago #

    Hi Nicolas,

    ld48 = 0.66 * ((ld16 – ld96) / (ld104 – ld96) – 0.5) + 0.67 * ld56
    ld48 = Min(Max(ld48, -0.999), 0.999)
    you assign two different expressions to the same parameter (ld48)…

    ld56 = ld48: this seems to me a circular code since ld48 is one of the constituents of ld56;
    ld80 = gda80: something similar goes for this assignment;

    The solution maybe is to give your parameters real names. That forces you to make clear what they refer to and it gives me an opportunity to elaborate on it.

    Best regards,
    Jerke van der Geest

    • Nicolas • 44 days ago #

      You are right about ld56. Since this is a translation from another programming language, I did it like a robot 🙂
      About ld48 referencing itself, it is normal, ld48 is comparing its own value with other Min/Max values and updating automatically this way.

  5. JvdG • 46 days ago #

    I meant of course: since ld56 is one of the constituents of ld48;

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