The Major Forex Trend Indicator

The major foreign exchange indicator sketches trend candlesticks beneath the prime MetaTrader 4 window. Blue candlesticks when the main trend moves up, red candlesticks when the main trend moves down. This indicator performs well on the higher time periods. Utilize in connection with other exchanging indicators and examine mechanism when exchanging the lower time periods for instance, one minute charts for scalping objectives.

Exchanging Signals

For purchase signals: Pause for the first blue candlestick. Position the long placement at the beginning of the next candlestick.

For auction signal: Pause for the first red candlestick. Position the short placement at the beginning of the next candlestick.

Features

  1. This indicator is suitable for any preferred currency pairs.
  2. The recommended time frame is one minute charts and beyond.
  3. Europe and US are the endorsed trading sessions for charts beneath thirty minutes. 24/7 for charts on top of the thirty minutes.
  4. Deviation, Colors, Money Risk, Bars, Signal and Line are the configurable options for this forex indicator.

The EUR/USD Four Hr Instance Chart

the-major-forex-trend-indicator

Danger-SignUtilize this forex Indicator at your own risk. WindsorForex 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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