RobotFX MegaTrend

The RobotFX MegaTrend indicator uses a hull moving average to calculate the trend and the trend changes. The hull moving average has the advantage of having a much smaller lag and it is way more smoothed than the other ones.
The MegaTrend should be used to confirm entries and one should not trade the color changes (because trading the reversal point can be dangerous), as tempting as it may be. Simply buy above the green line and sell below the red line. If you rely only on the RobotFX MT, wait for the price to cross the MegaTrend line, the color to change and enter the trade only on pullbacks.

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Free RobotFX download

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