Market Trend Indicator is a highly effective forex indicator that is able to identify the market trend and define the dynamic support level of the current momentum at the same time. It offers great flexibility for the traders since it suits both scalping and intraday tradings. Therefore, you can apply it for any timeframe chart you want to trade.
Market Trend Indicator uses a very simple technique thus very much suitable for the newbie traders. Besides, it can be applied to trade all kinds of forex currency pairs available in the financial markets.
Market Trend Indicator Overview
After the installation is done, the indicator will appear at your MT4 chart like the following image:
Market Trend Indicator Explanation
Market Trend Indicator signals market trends in the same manner as Moving Averages. In fact, it reacts quicker than Exponential Moving Averages. When the market is in a bullish trend, the price will mostly close above the indicator level and it turns itself into blue.
On the contrary, for bearish trends, the indicator turns red and price keeps closing below the indicator level. You can also use its levels as dynamic support of you any open market positions. Since it is a trend following indicator, we recommend you not to use it against the trends.
- Price remains above the indicator level
- The indicator turns blue
- Buy triggers when the above conditions are met
- Set stop loss below the indicator level
- Exit long/take profit whenever the indicator turns into red color
- Price remains below the indicator level
- The indicator turns red
- Sell triggers when the above conditions are met
- Set stop loss above the indicator level
- Exit short/take profit whenever the indicator turns into blue color
..You will be forwarded to download after purchase
Indicator value is
$149 limited copies now only $47
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