If we have to be picky, this tool is unable to help traders with placing their stop losses or take profit.Lacks a Multi-timeframe mode at this stage, but is one technical indicator that does not need MTF for profitability, due to the accuracy of the indicator.Works remarkably well for trading Futures, Forex, Cryptocurrency and Indices.Comes with 40+ different types of Averages to use as the iTrend's calculation including ADXVMA (hence the "Averages" in it's name).The Second level can be used as a sure-fire signal for scalping entries or re-joining existing trends, especially during "bursts" of volatility.Does a good job at guiding traders on where the actual trend starts, and also, where the trend ends.No need to use other confirmation tools, the itrend can be used on it's own for Entering and Exiting.Visually pleasing and easy to use, even at just a glance even novice traders can use this code to spot the trend.The non-repainting iTrend indicator is one of the most truly profitable trend trading indicators we've so far come across.
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