You could try a GMMA Indicator there is a thread called the finest in trend trading you could read that if you don’t find trawling through a 600 post, 60 page thread to get the information you need too daunting a task.
I’m not entirely convinced the system is any better than any other indicator system but apparently your not allowed to give opinions like that, on that thread.
But if you want to try that indicator do this:
Make 6 exponential moving averages lines all the same color, each with a different time period setting, the periods are: 3,5,8,10,12,15
Now make 6 more. Make these six all the same color but a different color from the first 6 and give them these time periods: 30,35,40,45,50,60
Now make a last one a third color and give it this time period: 200
(Its probably best to use dull colors so you can still use your candles charts at the same time if you need to. That many brightly colored moving averages lines will interfere with them too much, and remember to make them EMA lines not regular moving average lines)
When your happy with that open a MACD indicator.
Now save the whole chart as a template so you can easily apply it to other charts without having to remake all the EMA lines every time.
Now, very briefly, what to look for on that indicator.
Apply it to a chart and scroll the chart back over a few days or weeks you will see how the gaps between the lines open up as a trend forms and close back in as the trend ends, you can also see how the faster EMA bands crosses the slower ones as the price reverses (that is a signal) and you can also see how the 200 EMA line acts like a general trend indicator that also sometimes crosses the other two (when it does it is a strong signal) you can look at the MACD as another confirming signal.
What I have described is the regular GMMA Indicator. I believe in “The Finest In Trend Trading” thread there is something new you can do to this indicator to improve your probability further, I havent read much of that thread.
I did skip through it a bit because on the first page the author claims he had some exciting new information, which I assumed means he has made a new discovery about this GMMA indicator but I didn’t get to the part where he tells what his new discovery is. If you like the way the indicator works you could read through it to find out what it is, plus it will probably elaborate further on the signals to look for when using it, I just briefly outlined them here.
I also recommend you watch these two short videos that explains how to use it effectively the first one runs over what I already told you about setting it up plus some more information. The second one elaborates further.
YouTube - FOREX TREND INDICATOR FACE-OFF The GMMA part 2 of 3
YouTube - FOREX TREND INDICATOR FACE-OFF The GMMA part 3 of 3