Summary of "🔖AI Trend Navigator Indicator in MetaTrader 4/5 - [TradingFinder]"

AI Trend Navigator Indicator in MetaTrader 4/5

Indicator Overview

The AI Trend Navigator indicator is available for MetaTrader 4 and MetaTrader 5 platforms via the TradingFinder website. It utilizes the Kboard or KN&N algorithm to assist traders in predicting market trends and identifying buy/sell opportunities. The indicator visually displays bullish trends in green and bearish trends in red on the chart through a signal line relative to a trend line.

Trading Signals & Strategy

Buy Signal: Occurs when the signal line crosses above and closes above the trend line, turning green.
Sell Signal: Occurs when the signal line crosses below the trend line and turns red.
Traders typically enter buy positions during uptrends (green signal line) and sell positions during downtrends (red signal line).
A stop loss is recommended to be placed just behind the previous swing point.
Trade management strategies include:
- Using risk/reward ratios such as 1:1 or 1:2.
- Staying in the position until the signal line changes color.
Sell signals that contradict the main prevailing market trend are deliberately ignored to reduce false signals.

Indicator Settings & Customization

The indicator offers extensive customization options:

Calculation Bases (6 modes):
- Candle Average
- Volume Weighted Average
- Simple Average
- Weighted Average
- Exponential Moving Average (EMA)
- Other averages
Smoothing Period: Adjustable between 2 and 200 (default is 5) for moving average smoothing of the source.
Price Source for Target (7 modes):
- Price Action
- Volume Weighted Average
- Volatility
- Simple Moving Average (SMA)
- Weighted Moving Average (WMA)
- Exponential Moving Average (EMA)
- Hull Moving Average (HMA)
Target Moving Average Period: Adjustable starting from 2 upwards.
KN&N Neighbor Value: Defines the number of closest historical values used, adjustable from 2 to 200 (default is 3). Higher values smooth the curve.
Moving Average Period for KN&N: Default is 50; higher values reduce sensitivity.
Max Number of Candles: Limits the calculation range.
Alerts: Can be enabled for:
- Crosses between signal and trend lines.
- Price crossing signal thresholds.
- Candle closes confirming signals.

Risk Management

Place stop loss orders behind the previous swing point.
Use recommended risk/reward ratios for trade exits.
Ignore signals that go against the main trend to avoid unreliable trades.

Applicability

No specific tickers, assets, sectors, or instruments are mentioned. The indicator is broadly applicable across markets supported by MetaTrader platforms.

Disclaimers

No explicit financial advice or guarantees are provided.
Users are encouraged to test and customize the indicator settings based on their individual trading style.

Presenter/Source: TradingFinder (provider of the AI Trend Navigator indicator)