Martin Trend Dealer?

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Martin Trend Dealer?

Anyone heard of this trend indicator and have any thoughts/experiences?
Found a few forex YouTubers use this indicator and it seemed like a useful tool, but as i’m still relatively new to Forex, I am looking for some more experienced people opinions.

Martin Trend Dealer?

If it turned out to be promising, the plan was I would use it as a chart indicator (because its only on trading-view) and place my orders on the MT4 platform with my better broker.

Martin Trend Dealer?

Any advice is appreciated. Thanks.

Martin Trend Dealer?

Link: [https://www.martintrendtrader.com](https://www.martintrendtrader.com)
His youtube channel (i think): [https://www.youtube.com/channel/UCY-SDO8sqzpToxkSpn8jQVw](https://www.youtube.com/channel/UCY-SDO8sqzpToxkSpn8jQVw)

Martin Trend Dealer?



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Martin Trend Dealer?

Martin Trend Dealer?

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Comment (4)

  1. If you want it I remade it roughly but its same idea. 3 moving averages. When they are the same direction it green, one MA not towing the line you get blue.

    I consider it a visual scam in fact as they’re charging for it. Its just moving averages.

    Its rubbish and a great example of the difference between what you see AFTER the fact is not what you actually trade. For every lovely green/red streak they cherry pick, there are 10 ‘false leads’ which eat up any gains.

    I’ll post code tomorrow or is there some other way to share Tradingview indicator.?

    study(title=”Trend Trading”, shorttitle=”Trend 35″, overlay=true)

    MAlength = input(35, title=”Length of Moving Averages”)

    petd = ema(close, MAlength)
    petx = wma(close, MAlength)
    pety = sma(close, MAlength)

    iGreen=(close > petd) and (close > petx) and (close > pety)
    iBlue = ((close > petd) or (close > petx) or (close > pety)) and not ((close > petd) and (close > petx) and (close > pety)) and not ((close < petd) and (close < petx) and (close < pety))
    iRed = (close < petd) and (close < petx) and (close < pety)

    up = (close > petd) and (close > petx) and (close > pety) ? green : (close > petd) or (close > petx) or (close > pety) ? blue : red
    test = (petd + petx + pety) /3
    //plot(out2 and smaplot ? out2 :na , title=”SMA”, color=mycolor2, linewidth=1)
    plot(test, title=”Buy Sell”, color= white )

    barcolor(up)

    alertcondition(iRed,”Going Red”,”Going Red”)
    alertcondition(iGreen,”Going Green “,”Going Green” )
    alertcondition(iBlue,”Going Blue”,”Going Blue”)

    conditioncrossover=crossover(test, close)
    conditioncrossunder=crossunder(test, close)
    alertcondition(conditioncrossover,”Crossing Up”,”Crossing Up”)
    alertcondition(conditioncrossunder,”Crossing Down”,”Crossing Down”)

    plot(petd, color= blue , title=”Blue Plot”)
    plot(petx, color= yellow , title=”Yellow Plot”)
    plot(pety, color= red , title=”Red Plot”)

    petyMulti = pety + test- ((pety + test /100) * 12)
    petyMulti2 = (open + close) / 2 // pety + test
    //Decrease = Original Number – New Number
    //% Decrease = Decrease ÷ Original Number × 100

    //Increase = New Number – Original Number
    //% increase = Increase ÷ Original Number × 100.

    buy = (petx > petd) and (petd> pety)
    sell = (pety > petd) and (petd> petx)
    //v(petd> pety)

    tbuy=test – pety
    t2buy= (tbuy / test)*100

    CurrentMA= sma(close, 50)
    LastMA = CurrentMA[1]

    Last5Avg= (CurrentMA[3]+CurrentMA[4]+CurrentMA[5]+CurrentMA[6]+CurrentMA[7]) /5

    samIncrese=CurrentMA-LastMA
    samPercIncrese=(samIncrese/CurrentMA )* 100

    samDecrease=LastMA – CurrentMA
    samPercDecrease=(samDecrease/LastMA )* 100

    LastAvgDec= Last5Avg-CurrentMA
    LastAvgPercDecrease=(LastAvgDec/Last5Avg )* 100

    LastAvgInc= CurrentMA-Last5Avg
    LastAvgPercIncrease=(CurrentMA/Last5Avg )* 100

    //Simple Buysell
    //plotshape(buy, title= “Buy”, location=location.belowbar, color=lime, style=shape.arrowup, text=””)
    //plotshape(sell, title= “Sell”, location=location.abovebar, color=red, style=shape.arrowdown, text=””)

    //SMA Buy Sell
    ///plotshape(samPercIncrese>.005 and true, title= “Buy”, location=location.belowbar, color=lime, style=shape.arrowup, text=””)
    //plotshape(samPercDecrease>.005 and true , title= “Sell”, location=location.abovebar, color=red, style=shape.arrowdown, text=””)
    //Ttest

    plotshape(samPercIncrese>.006 and buy, title= “Buy Arrow”, location=location.belowbar, color=lime, style=shape.arrowup, text=””)
    plotshape(samPercDecrease>.006 and sell , title= “Sell Arrow”, location=location.abovebar, color=red, style=shape.arrowdown, text=””)

    //plotshape(t2 < .3, title= “Sell”, location=location.abovebar, color=red, style=shape.arrowdown, text=””)

    //plotshape(ReversalShort, title= “ReversalShort”, location=location.abovebar, color=red, style=shape.arrowdown, text=”SELL”)

    //plot(petyMulti2, color= green , title=”Gary Trader Strategy petyMulti”)

    timeinrange(res, sess) => time(res, sess) != 0

    showTimes = input(false, title=”Show Closing”)

    c= iff(showTimes, gray, black)
    bgcolor(timeinrange(period, “1530-1900”) ? c : na, transp=70)

    View Comment
  2. I like the idea of this indicator.

    According to their website, you get a 7 day free trial. How about you backtest it and see what you think?

    As far as purchasing it goes, I don’t see what this gives you that a colored Moving Average slope doesn’t.

    View Comment
  3. The issue with anything like this is what happens when the creator dies, retires or just plain stops bothering to update his indicator?

    Being reliant on one guy instead of yourself is very dangerous.

    View Comment

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