KPL Chart Uptrend Downtrend

[TopicStarter]

Introduction​

The KPL Chart Uptrend Downtrend indicator is a tool designed to simplify trend identification in Forex trading. Developed by Hoa Hoang Van, it uses color-coded bars to signal market trends. With a user rating of 5, it seems promising, but let's not get carried away just yet. After all, a good idea doesn't always translate to flawless execution.

Description of Features​

The KPL Chart Uptrend Downtrend indicator boasts several features:

• Color-coded bars: Green for uptrend, Orange for downtrend.
• Customizable alert system: Alerts can be toggled ON/OFF with a default interval of 30 seconds.
• Compatibility: Works with all Forex symbols and timeframes, though not recommended for M1, M5, and M15.
• Entry recommendations: Buy in an uptrend and sell in a downtrend, with a caution to wait for 2-3 continuous bars after a reversal.

However, as one user, Findolin, pointed out, Very good idea, but unfortunately the candle colors do not appear when I attach the indicator to the chart. This raises questions about its reliability.

Analysis of Results​

Over the past year, the KPL Chart Uptrend Downtrend indicator has shown mixed results. While some users have praised its simplicity and visual appeal, others have encountered technical issues that undermine its effectiveness. The indicator's performance is inconsistent, particularly on lower timeframes, which it explicitly advises against using.

Pros and Cons​

Pros:

• Simple and easy to use.
• Visually appealing with clear color-coded signals.
• Customizable alert system.

Cons:

• Technical issues with color display.
• Not reliable on lower timeframes.
• Limited user feedback and real-world testing.

Conclusion​

In conclusion, the KPL Chart Uptrend Downtrend indicator has potential but is marred by technical issues and inconsistent performance. While it may work well for some traders, others might find it unreliable. We encourage users to discuss their experiences on our forum and share their results. Detailed statistics are available on our website at https://forexroboteasy.com/trading-robot/kpl-chart-uptrend-downtrend/.

Source Code of KPL Chart Uptrend Downtrend​

We do not have access to the original source code of the KPL Chart Uptrend Downtrend robot sold on MQL5. However, we have created a sample code based on its description available on the MQL5 website. If you have any questions about the code, feel free to ask. This example code is provided by easytradingforum.com and is not the original robot sold on MQL5.

You don't have permission to view the code content. Log in or register now.

Download KPL Chart Uptrend Downtrend Indicator​

For those interested in trying out the KPL Chart Uptrend Downtrend indicator, you can download it from our website at https://forexroboteasy.com/download-kpl-chart-uptrend-downtrend/. If you have any questions or need further assistance, don't hesitate to reach out.