The Better X-Trend Indicator [Free Code]

UPDATED: Thursday 1 July 2021

Here’s how to use explosion and exhaustion volume to determine the trend.

Trend indicators are the holy grail of the indicator world – everyone thinks “If only I had a better trend indicator then making money in the market would be easy.”

But trend is illusive – it’s obvious in retrospect, looking back on a historic chart. But when you’re in the thick of the market moving and have capital committed, then it’s a different story altogether.

Most trend indicators are based on price – moving averages, trend lines, fibonacci levels, trailing stops, etc. – and ignore volume completely. Well, maybe there’s a way to combine price with volume – and that’s where the Better X-Trend indicator comes in.

Trends start with an explosion of volume – in the case of an uptrend, an explosion of buying volume when everyone realises the trend has changed and they need to get on board or reverse their positions.

Then the trend keeps going until you get final exhaustion volume – in the case of the uptrend, the capitulation volume where all the buyers have finally been suckered into the rally. By this time, the Professionals have taken profits – using this final exhaustion volume to swap positions with the late-to-the-game Amateurs.

The Better X-Trend indicator tries to capture these explosion and exhaustion volume patterns – hence the “X” in X-Trend – to define the trend.

 

Trend Indicator for TradeStation, NinjaTrader & MultiCharts

The free Better X-Trend indicator is now available for TradeStation, NinjaTrader and MultiCharts:

  1. Download the Better X-Trend Indicator code using the buttons below.
  2. Unzip the download file and read the installation PDF. If you are using NinjaTrader and get an “Import failed. File likely corrupt” error message, then you have not unzipped the file!
  3. To use the indicator input the password: “eminiwatch”.

Hope you find this new way at looking at trends interesting and useful in your trading.

Click this link for more free indicator code.

 

What people are saying about Better X-Trend

Don’t trade against Better X-Trend

Trading against the Better X-Trend is hazardous to one’s wealth.

Byron A.

X-Trend is the best

Hey Barry, I have all your indicators, but I have to say your new X-Trend is the best. It really fits my trading style perfectly. Amazingly generous of you to give it away for free.

Alan K.

A must for any serious trader

I simply can’t let this go by without thanking you for the FREE Better X-Trend indicator. Your generosity continues to amaze me. You are 1st class all the way! Your indicators are a must for any serious trader. They are simply the best!

Dennis W.

I am able to initiate these positions with confidence

In the past even if I knew the trend direction I was reluctant to enter on pullbacks, but now with the Better X-Trend I am able to initiate these positions with confidence.

Ashley P.

So simple yet so powerful

Congratulations on fantastic indicators!!!! Your indicators are so simple yet so powerful. It appears to me that trading with Better X-Trend can be immensely profitable on ES, AD, JY and probably on many other futures market on 5 minute, 10 minute or even 20 minute charts.

Vishal S.

Better Sine Wave and Better X-Trend is the way to go

The Better X-Trend indicator is pretty darn good. Today I made 8 points on my first trade of the day. Entered short at 1316 and used the Better X-Trend stop all the way to my target of 1307.75. For me the combination of Better Sine Wave and Better X-Trend is the way to go.

Alan B.