TrendValue Forex Indicator (MT5)

📈 TrendValue Forex Indicator (MT5)

📊 Dynamic Trend Mapping with ATR Sensitivity
💼 Shared by Dove Forex Markets
📅 Originally Developed by Ivan Kornilov

🔍 What Is the TrendValue Indicator?

The TrendValue Indicator is a powerful trend-following tool designed to adapt dynamically to market volatility. Using a smart combination of Moving Averages and the Average True Range (ATR), this indicator helps traders identify bullish and bearish zones in real-time — with built-in arrow signals for clean trade entries.

It goes beyond traditional trendlines by offering volatility-based buffers, allowing it to respond to market shifts more fluidly and avoid whipsaws.

🚀 Key Features:

✅ Adaptive Trend Bands

Upper (blue) and Lower (violet red) bands dynamically track market bias

Automatically tightens or loosens based on ATR volatility

✅ Buy & Sell Arrows

🔵 Blue Arrow: Trend flips upward (BUY)

🔴 Red Arrow: Trend flips downward (SELL)

Clean signals appear only when the trend direction changes, avoiding noise

✅ Highly Customizable

Adjustable period, ATR sensitivity, shift percent, and horizontal shift (Shift)

Plot starts only after enough historical bars, ensuring reliability

✅ Non-Repainting Trend Tracking

Once a signal arrow appears, it does not repaint

Great for trend continuation, breakout confirmation, and filtering reversals

🧠 How It Works:

Uses LWMA (Linear Weighted Moving Averages) of highs and lows

Applies an ATR filter to account for volatility

When price closes above the upper band, it signals a potential trend reversal to the upside

When price closes below the lower band, it signals a bearish reversal

The bands auto-adjust on each candle, creating a smooth trailing visual of trend strength

⚙️ Configurable Inputs:

period: Default 13, controls the LWMA smoothing

ATRPeriod: Default 15, controls volatility detection

ATRSensitivity: Adjusts how reactive the bands are to market movement

shiftPercent: Offsets bands slightly (optional)

Shift: Horizontal bar shift (for visualization control)

🧪 Best Usage Scenarios:

🕒 Recommended Timeframes: M15, H1, H4, D1

💹 Markets: All Forex pairs, Gold (XAUUSD), Bitcoin, Indices

🔗 Combine with:

Price Action setups

Ichimoku or Moving Average strategies

Breakout or pullback confirmations

📲 Telegram Support & Community

Get free guidance, templates, and indicator combinations by joining our Telegram group:

👉 https://t.me/dovefxmarkets

Whether you're trading manually or integrating this into an EA — we’ve got your back.

🌐 Download Now from

🔗 www.doveforexmarkets.com
💬 Let the trend guide your trades with confidence.