The Alchemy TrendCatcher Indicators are a powerful trend trading tool that are very easy to use and they will help you to stay in the right direction of any market move. This indicator package contains a chart analysis indicator and a separate RadarScreen/Scanner indicator. These indicators combine 2 separate trend modules, the Alchemy TrendDirection module and the Alchemy Strong Trend module. The TrendDirection module of these indicators identify the market trend on two separate time frames and calculate a logical trailing stop that is self-adaptive to the market's current volatility, therefore minimizing the initial risk while staying with the trend. With this TrendDirection, you will never miss a big market move. The Alchemy Strong Trend module is a strong trend detector, signaling the strength of a developing trend thereby increasing the reliability of a follow through of a previous reversal or breakout. This trend confirmation method eliminates a large percentage of whipsaws and filters out a significant amount of noise when the market is in a non-trending, consolidating phase. At the same time, it catches all major market moves. The Alchemy TrendCatcher RadarScreen/Scanner indicator allows you to sort and scan for markets that are within an entry zone or display a strong trend. Our Alchemy TrendCatcher indicators can be used on any market and for any trading style.
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