The ART Trend Following System applies multiple ATR indicators with CCI-T3 and various trend filters to spot real-time trade signals based on trend reversals.
The ATR(2.0) and ATR(3.5) work as trendline support and resistance depending on the current trend condition. These levels determine the trend-reversal points of the price. This system also includes color dots on the main chart window to confirm the beginning and end of a market trend.
Moreover, you’ll find three different trend filters at the indicator window: Histo Bands, CCI-T3, and Bar Color. These tools will help you to pick the highly probable trade signals in live markets.
Buy Signal Generation with ART Trend Following System
The price breaking above both ATR 2.0 and 3.5 levels indicates the bullish trend condition of the market. During such periods, Dots Color turns blue and appears below the price outlining the trend support level.
Besides, the Histo Bands and CCI-T3 carrying positive values signal a bullish momentum. Also, the Bar Color turns blue during an uptrend market to confirm a buy order.
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Sell Signal Generation with ART Trend Following System
During a bearish trend condition, the price will break below the ATRs and Dots Color levels. Besides, the price will treat the dynamic ATR levels as resistance.
Moreover, the trend filters like Histo Bands and CCI-T3 show negative values when the market momentum turns bearish. Finally, go short when the Bar Color turns red, confirming the beginning of a solid downtrend move of the price.
The ART Trend Following System offers one of the best trend trading solutions for MT4 users. It represents an easy trading strategy, especially for beginners. Moreover, this system comprises simple trend indicators with unique parameters which support both forex and stocks charts. Besides day trading, you can also apply the ART Trend Following System to anticipate long-term buy-sell signals.