The Forex Trend Filter MetaTrader 4 Indicator

This indicator can be utilized as a trend filter in order to establish the comprehensive trend of any currency pair. A long exchange will be initiated when the comprehensive trend moves up and the indicator turns color from orange to lime green. On the other hand, a short position will be positioned when the comprehensive trend moves beneath and the indicator turns lime green to dark orange in color.

Exchanging Signals

For purchase signal: Lime green colored candlesticks, observe to purchase when the comprehensive trend of the currency pair is bullish.

For auction signal: Dark orange colored candlesticks, observe to auction when the comprehensive trend of the currency pair is bearish.

Features

1. This forex indicator can be utilized on any currency pairs.

2. It is applicable on any recommended time frames.

3. Any endorsed trading sessions can be applied in this forex indicator.

4. Colors, smooth phase, smooth period and alerts (sound, email, message) are the configurable options for this forex indicator.

The GBP/USD One Hour Instance Chart

the-forex-trend-filter-metatrader-4-indicator

Danger-SignUtilize this forex Indicator at your own risk. Windsor Forex cannot be responsible for any losses associated with utilizing any forex indicator presented on the site. It’s not recommended to utilize this indicator on the real account without testing it on demo first.

 

 

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About The Author

Mike N

Financial Trading Systems Design Expert

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