How To Use Trend Meter Suite?
The Trend Meter Suite consists of 5 Different Trend Indicators: ParabolicSAR, Gann HILO Activator, MESA Phase Indicator, Higher Timeframe MovingAverages, and our own custom Trend Indicator. The top meter (circles) is showing the average direction of all other meters, for a better visual representation of the current price trend.
The Trend Meter Suite is very easy to use: When the majority of the meters turn green, it is a sign the market is heading up, and when the majority of the meters turn red, it is a sign the market is going down.
– The user has the option to select how many meters must align for a signal to show (out of 5)
– The indicator also has the ability to set up Alerts when the selected number of meters turns green or red. This feature is also signaled by the red or green triangles on the top or bottom of the chart.