Trend Indicator

TREND INDICATOR (CANDLE)

Trend Indicator for MetaTrader 4 (MT4) paints the candles based on the current trend. MetaTrader 4 (MT4) Trend Indicator will help you during your decision making process. Uptrends are painted in green, downtrends in red and sideways trends after the uptrend and downtrend are painted yellow at MetaTrader 4 (MT4) Trend Indicator.

SOFTWARE INFORMATON

WHAT IS TREND?

A Trend is the general bearing of a market. In technical analysis, Trends are distinguished by trendlines or value activity that feature when the price is making higher highs and higher lows for an uptrend, or lower lows and lower highs for a downtrend.

TREND TYPES

We have three type of trends; UpTrend, DownTrend and Sideways Trend. In our indicator Uptrend is shown with green, downtrend with red and sideways trend with yellow. Which will help you to understand the direction of the trend much easier.

INDICATOR SETTINGS

Alert and Mobile Notifications

NOTIFICATIONS

Trend Indicator is with you wherever you are. Why spend time just glaring at your screen and hoping something finally will happen?
Why not spend that time actually being productive?
A notification will be sent to your smart phone if you have MetaTrader 4 (MT4) installed or be shown as a pop-up on your monitor whenever the trends are changed.
This way your trading will not get in the way of your business and private life.

NOTIFICATIONS

TREND INDICATOR (CANDLE) TRADING STRATEGY

HOW TO TRADE WITH METATRADER 4 (MT4) TREND (CANDLE) INDICATOR?

SUPPORT & RESITANCE BREAKOUT

Entry: You can enter the trade when the trend indicator color is change at the breakout of the Support and Resistance channel

1st Target: Next major Support and Resistance channel
2nd Target: Next major Support and Resistance channel of the higher time frame

Stop: Use 1:2 Risk/Reward ratio

Warning: If Trend is reverse before the target reached, close your trade or move your stop to entry.

WEDGE PATTERN BREAKOUT

Entry: You can enter the trade when the trend indicator color is change at the breakout of the Wedge pattern

1st Target: Next major Support and Resistance channel
2nd Target: Next major Support and Resistance channel of the higher time frame

Stop: Use 1:2 Risk/Reward ratio

Warning: If Trend is reverse before the target reached, close your trade or move your stop to entry.

TRIANGLE PATTERN BREAKOUT

Entry: You can enter the trade when the trend indicator color is change at the breakout of the Triangle pattern

1st Target: Next major Support and Resistance channel
2nd Target: Next major Support and Resistance channel of the higher time frame

Stop: Use 1:2 Risk/Reward ratio

Warning: If Trend is reverse before the target reached, close your trade or move your stop to entry.

FLAG PATTERN BREAKOUT

Entry: You can enter the trade when the trend indicator color is change at the breakout of the Flag pattern

1st Target: Next major Support and Resistance channel
2nd Target: Next major Support and Resistance channel of the higher time frame

Stop: Use 1:2 Risk/Reward ratio

Warning: If Trend is reverse before the target reached, close your trade or move your stop to entry.

H&S PATTERN BREAKOUT

Entry: You can enter the trade when the trend indicator color is change at the breakout of the H&S pattern

1st Target: Next major Support and Resistance channel
2nd Target: Next major Support and Resistance channel of the higher time frame

Stop: Use 1:2 Risk/Reward ratio

Warning: If Trend is reverse before the target reached, close your trade or move your stop to entry.

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