The trend indicator is an indicator that has non repaint arrows for buy and sells signals. It is a custom indicator for technical analysis. It is used upgraded for the new MT4 platform. This indicator is powered by the most advance and profitable trading.
It is a signal indicator and it is an information indicator. Trend indicator provides an easy overview of price changing and these changes are easy to follow. This indicator helps to smooth out the price action and it removes the noise of the market in the indicator for clearance of trend signals.
In Forex trading detecting profitable trends are not easy. This indicator is used to detect the profitable trend of the markets that can give you a decent and healthy profit. This indicator can find new entries in the trend direction.
This indicator also detects the direction of the trend. When other indicators are used with this indicator it improves their accuracy. This indicator is also used as a dynamic support and resistance level.
Omega Trend Magic Indicator MT5
INPUT PARAMETERS
This indicator has different input parameters. Input parameters are History bars, smoothing coefficient, and trend period.
History bar is used for bars calculation that how many trend bars are used in this indicator. Smoothing coefficient is used steady trend indicator free to remove the noise from data. Trend period is used for the calculation of momentum of periods used for trend.
This indicator also has a reset input to clear all the settings from the indicator. It is the best indicator used for trend signals. It is very easy to install this indicator and it gives accurate trend signals for its users.
This indicator has different rules for buy entry, buy exit, sell entry, and sell exit.
Fiji Trend Indicator For MT4
BUY ENTRY AND EXIT:
When the red line appears in the indicator chart and the red line is below the candlestick pattern then it is the time to buy enters. When the green lines are at the top of candlestick pattern it is the time to stop loss and exit buys.
SELL ENTRY AND EXIT:
When the green line is converted into red line again at the top of the candlestick pattern and the red line began to move down slowly then it is the time to enter the sell.
When the red line reached at 0.00 levels or the specific pip of the indicator long term trend indicator mt4 then it is the time to sell currency pairs and to take profit.
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USES
Trend indicator can be used in many ways. This indicator is used to detect changes in the market trend. This indicator is used to make a profitable trade.
This indicator is also used for removing noise from the indicator. It also uses different tools for ease of traders. This indicator also tells about buy entry, buy exit, sell entry, and sell exit best signal indicator mt4. It also uses different colours so that it can be easily understandable. It also provides resistance and support to the traders. It provides accurate signals to the trader. It is very easy to use this indicator.
