Leman
The LeMan Trend Indicator is a trend-following tool commonly used in trading platforms like MetaTrader 4 (MT4), MetaTrader 5 (MT5), and TradingView. This is why we developed it for the Ninjatyrader 8 platform. It is designed to help traders identify market trends by generating buy and sell signals based on price movements. This indicator works best as a support tool to other main indicators, serving as a signal filter to refine entry and exit points.
Some of its key features include:
- Tracking the overall market trend.
- Filtering signals to reduce false trades.
- Suitable for short-term trend monitoring and confirmation.
It’s particularly useful when used alongside other indicators to strengthen trend signals.