HalfTrend Indicator for MT5

In short: HalfTrend for MetaTrader 5 uses recent highs and lows, a moving average and ATR to show trend direction: blue for uptrends, red for downtrends, with signals when the trend changes.

When to use it

• Simple trend bias: one colored line tells you which side to trade.
• Entry timing: color changes mark new trends.
• EA building: buffers let you use HalfTrend in your own Expert Advisor.

How it differs

Moving averages cross often in sideways markets. HalfTrend only changes direction when price moves beyond recent highs or lows by a distance set with ATR and the Channel Deviation, which reduces whipsaws.

Getting started

1. Set Amplitude: the number of recent highs and lows to consider.
2. Set Channel Deviation to control the distance of the trend points.
3. Trade in the direction of the line color.
4. Use the tester dashboard, alerts and phone notifications.

Compare with Trend Magic and Follow Line.

Frequently asked questions

What does Amplitude do?

It sets how many of the last highs and lows the indicator considers when deciding the trend.

Can I use it in an EA?

Yes. Its buffers can be read by your own Expert Advisors.

Is there a free demo?

Yes. You can download a free demo from the MQL5 Market and run it in the MetaTrader 5 Strategy Tester before buying.

Full product description

The Half-Trend Indicator is one of the leading indicators in the market, which helps you enter your trades through the high, low, moving average and ATR.

Indicator’s setting

• Amplitude: number of last high and lows to consider

• Channel Deviation: a multiplier that calculates distance of points

• Additional inputs for tester dashboard and alerts and notifications

Indicators Functionality 

This indicator works is a mix of ATR and MA which shows down trend in red and up trend in blue.

Benefits

We provide the following benefits if you choose our indicator (or all indicators)

• A tester dashboard for the indicator

• Buffers (enable you to use them in your own or custom Expert Advisors EAs)

• Sending Alert (on chart) or Notifications (to phone) to not lose any opportunity.