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📌 Trend Detection
The Taotra Indicator MT4 is a trend-following tool designed to identify the overall market direction. -
🖌 Visual Representation
It plots 20 colored linear weighted moving averages (LWMA) on the main price chart for clear trend visualization. -
📊 Key Components
Displays three major moving averages:-
Fast MA (reacts quickly to price changes)
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Slow MA (filters out noise for long-term trend)
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Middle MA (acts as a dynamic trend line).
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🔁 Signal Generation
Generates trend reversal signals when:-
✅ Green MA crosses above Red MA → Buy signal
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❌ Green MA crosses below Red MA → Sell signal
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🛠 Customization Options
Traders can customize the number of moving averages and choose different color schemes to suit their style. -
🌐 Versatility
Works on all timeframes and all forex pairs, making it adaptable to various trading strategies. -
👨🏫 Beginner-Friendly
The clear color-coded system ensures easy interpretation for traders of all skill levels.
Taotra Indicator
- 📈 Purpose: Indicates the overall market trend using multiple moving averages.
- 🎨 Visual: Plots 20 colored LWMA lines on the main chart for trend clarity.
- 🔄 Signals: Trend reversal signals appear when green MA crosses red MA (Buy/Sell).
- ⚡ Dynamic Line: Middle MA acts as a real-time trend guide.
- 🛠 Customizable: Allows adjusting the number of averages and colors.
- 🌍 Versatile: Works on all timeframes and multiple currency pairs.
- 👶 User-Friendly: Clear color-coded signals make it ideal for beginners.
Input Settings & Controls
✅ Starting period (523)
Defines the initial period for the first moving average calculation.
✅ Method (3)
Specifies the method for generating multiple averages. Example: Add method.
✅ Average method (Linear Weighted)
Uses Linear Weighted Moving Average (LWMA) to give more weight to recent prices.
✅ Price (Close price)
Calculates averages based on the closing price of candles.
✅ Period step (if add used) (2)
When using the “Add” method, this value determines the increment step between moving averages.
✅ Number of averages (20)
Plots 20 moving averages on the chart for better trend visualization.
✅ Color for fast (LimeGreen)
The fastest moving average is displayed in LimeGreen color.
✅ Color for middle (Gold)
The middle moving average is displayed in Gold color.
✅ Color for slow (PaleVioletRed)
The slowest moving average is displayed in PaleVioletRed color.
✅ Line style (Dot)
Moving averages are drawn as dotted lines for clarity.
✅ Line width (0)
Defines the thickness of the moving average lines (0 = very thin).
Devices Supported
Device Type | Operating System | Compatibility with TradingView |
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💻 Windows Laptop/Desktop | Windows XP / Vista / 7 / 8 / 8.1 / 10 / 11 | ✅ Fully supported via app |
🍏 MacBook / iMac | macOS 10.15+ | ✅ Fully supported via app |
📱 Android / Mobile | Android OS | ❌ Not supported |
Risk Disclaimer
- TrendCharts.in and its associated products, services, software, and tools do not provide any offer or solicitation to buy or sell securities, futures, forex, commodities, or derivatives.
- We are not SEBI Registered Investment Advisors or Research Analysts.
- All materials are strictly for educational, informational, and paper trading & help in analysis purposes only.
- We do not provide advice for Real Money Trade, tips, buy/sell recommendations, or investment strategies.
- TrendCharts is solely involved in the development, sell, resale, and distribution of financial market software, datafeeds, indicators, scanners, and tools.
- All our offerings are intended for testing strategies and educational evaluation only—not for real-money trading.
- Users may utilize the software and tools for paper trading or strategy evaluation only.
- If users apply our offerings to actual trading (knowingly or unknowingly), TrendCharts.in or its stakeholders bear no responsibility for any profit or loss.
- Any such use is at the user’s sole discretion and risk.
- We explicitly disclaim liability for any financial loss, trading loss, or damages resulting from:
- Use of our software, tools, or services.
- Decisions made based on any charts, indicators, AFLs, data, or analysis from our products.
- All market data and content provided are subject to delays, inaccuracies, or errors.
- Past performance (actual or hypothetical) is not indicative of future results.
- Hypothetical or backtested performance may not reflect the impact of actual market conditions.
- Trading and investing involve substantial financial risk and can result in loss of capital beyond the initial investment.
- Users must use individual discretion and independent judgment while interpreting signals, strategies, or chart setups.
- Automated signals or scanners are tools for evaluation—not trading instructions.
- TrendCharts content does not account for personal financial conditions, goals, or investment profile.
- Before making any financial decisions, consult with a licensed financial advisor or SEBI-registered professional.
- Do not rely solely on any information presented on our site for actual trades.
- Datafeeds and information may be delayed as per data vendor policies or exchange requirements.
- We do not guarantee the real-time accuracy, timeliness, or completeness of such data.
- No legal claim may be made against us or our data providers based on inaccuracies.
- Any user testimonials are individual opinions and may not represent the typical user experience.
- Hypothetical performance results involve inherent limitations and should not be relied upon for real-money decisions.
- All opinions, data, signals, and analyses shared on the website are subject to change without notice.
- TrendCharts reserves the right to modify tools, content, and services at its discretion.
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- No claim is made regarding profitability from any software usage.
- All content—charts, indicators, tools, or data—is designed for testing, analysis, and learning.
- No real-money trading or investment recommendations are provided or supported.
Final Note: Trading in financial markets is speculative and may not be suitable for all investors. TrendCharts.in provides various automatic signal setups for Paper Trading & help in Analysis, it is not a “black box” system to be used without careful evaluation. Users must apply their judgment in filtering automated setups, particularly in relation to broader market trends. All trading decisions are solely the responsibility of the individual trader. Trading and investing involve risks, and losses are inevitable, So Kindly use only risk capital and never invest money you cannot afford to lose.
Always remember
my 3R Rule
: If the money
is yours then, risk
, reward
and regret
are solely yours.
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