HaT

HaT Product Overview

HalfTrend is a trend-following indicator displayed on the main chart window, visually showing the current market direction through color
changes.

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• Key Features
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• - Trend Direction Display: A blue line represents an uptrend, while a magenta line represents a downtrend.
• - Support/Resistance Zones: Optionally displays dynamic ATR channel bars, visually highlighting support or
• resistance zones near the current price.
• - Trend Reversal Arrows: Optionally displays buy/sell arrow signals when the trend reverses
• (a green diamond for a bullish signal, a red diamond for a bearish signal).

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• Parameter Settings
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• Parameter Default Description
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• Amplitude 2 Sensitivity; smaller values are more sensitive, larger values are more stable
• ShowBars On Whether to display ATR channel bars
• ShowArrows Off Whether to display reversal arrows
• alertsOn Off Whether to enable alerts
• alertsOnCurrent Off Trigger on current bar / trigger after candle close confirmation
• alertsMessage Off Pop-up alert notification
• alertsSound Off Sound alert (alert2.wav)
• alertsEmail Off Email alert

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• Usage Recommendations
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• Suitable Scenarios:
• - Ideal for strong trending markets; works better for medium- to long-term position holding.
• - Can serve as a primary trend filter to trade strictly in the direction of the main trend.

• Amplitude Parameter Adjustment Tips:
• - Short-term trading: Set to 1–2 for faster response, though with more noise signals.
• - Medium-term trading: Set to 3–5 for more stable signals and reduced false breakouts.
• - It is recommended to test on different instruments and timeframes to find the optimal setting.

• Combination Trading Tips:
• - Combine with momentum indicators (such as RSI, MACD) to filter out false signals.
• - Confirm the trend direction on a higher timeframe before entering on a lower timeframe.
• - Avoid chasing the trade immediately when the trend line changes color; waiting for a pullback confirmation is safer.

• Important Notes:
• - In ranging/sideways markets, signals occur frequently; consider pausing usage or reducing position size.
• - The indicator has inherent lag and must be used alongside a sound stop-loss strategy.
• - During high-impact news releases, market volatility spikes and signal reliability decreases; exercise caution.

Applicable Use Cases

This product is suitable for traders seeking MT5 indicator resources for strategy testing, chart analysis, account management, or automated trading assistance. It is recommended to test settings and compatibility in a demo account environment before live application.