The forextrendscanner indicator for MetaTrader 4 follows the foreign exchange trend. The indicator sketch red and green bars on the chart. Color green describes a bullish trend while red a bearish trend.
Lime colored bars describe a firm upward trend, green bars for a weak upward trend, red bars for a firm downward trend and maroon bars for a weak downward trend.
For purchase signal: Observe lime bar
For an auction signal: Observe red bar.
Always exchange in agreement with the comprehensive trend. For instance, first establish the trend on the higher time period with the shifting average then utilize the lower time period to begin with the forextrenscanner indicator.
For trend upward on the fifteen minutes chart: Lime colored bullish bar on the five minute chart, move long.
Trend upward down on the five minute chart: Red colored bearish bar on the one minute chart, move short.
1. This forex indicator can be utilized on any currency pairs.
2. Applicable for one minute time frame and beyond.
3. This forex indicator is suitable for any trading sessions.
4. Colors and sensitivity are configurable options for this forex indicator.
The EUR/USD One Hour Instance Chart
Utilize 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.