IQ Trend Manual

IQ Trend is an indicator from our personal TOP. We constantly use it in our own trading in combination with the FOMO indicator.

This is a reversal indicator, so it is great for working on flat and clear ranges (with caution it should be used on strong movements, it is better to use Ignatum/GG/Trade Soup on them).

Functionality:

Long/Short signals with TP/SL zones
Large Buy/Sell Display
Range display
Variable signal filtering (including FOMO channel)

Adding to the chart

Basic settings

Take-profit zone - displays the zones in which it is recommended to place take-profit orders

Stop-loss zone - displays the zones for which it is recommended to place stop-loss orders.

Whale purchases - displays large purchases/sales on the chart

Correlation with BTC - displays the level of correlation of the asset with bitcoin.

Trend bars / MaxAlgo real trend fix - candlestick highlighting will display the current trend

Support and resistant levels - displays the range boundaries

Reaction filter - skips only those signals that were accompanied by a price reaction

Whale filter - skips only those signals that appeared after large purchases or sales.

FOMO filter - skips only those signals that appeared after touching the fomo-channel boundaries.

FOMO filter multiplier - adjusts the width of the FOMO channel.

Minimal signal strenght - the higher the signal strength, the higher the probability of working out and the higher the signal potential (but in this case there will be fewer signals).

Briefly on how to trade

In general, the indicator has quite transparent settings and intuitive interface on the chart. Enter the deal after the signal is fixed on the chart (at the close of the candle).

Stop loss is placed FOR the stop loss zone (red area).

Take profit orders are placed In the take profit zone.

We sincerely recommend using IQ Trend in conjunction with FOMO for maximum efficient analysis.

If you have any questions about how to use it: https://t.me/MaxAlgoAdmin

Purchase a subscription and learn more about the project: https://t.me/maxalgo_bot

Our website: https://maxxalgo.com/