Ahoora Trend Indicator

Platform: MT4 Type: Trend

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Last update: December 8, 2024

The Ahoora Trend indicator for MT4 is a trend-following gauge providing insights into trend direction, whether it is bullish or bearish. Technical analysis is pretty simple with that forex tool as it works in a similar manner to moving averages.

How to apply Ahoora trend in trading?

The core element of that strategy is the signal line. Depending on the trend direction, it changes its color accordingly.

In short, the green signal line suggests that upward movement is expected. On the other hand, the red signal line suggests considering the downward movement.

Let’s take a look at the charts and then further explanation of trading rules.

Ahoora Trend Indicator Example Chart

Buy Signal

Market sentiment is bullish (price at the right side of chart should be higher than at the left side)
Signal line changes from red to green
Open a long trade after the above requirements are met
Set stop loss a few pips below the most recent market low swing
Take profit when the opposite signal occurs or use your method of trade exit

Ahoora Trend Indicator Bullish Chart

Sell Signal

Market sentiment is bearish (price at the right side of chart should be lower than at the left side)
Signal line changes from green to red
Open a short trade after the above requirements are met
Set stop loss a few pips above the most recent market high swing
Take profit when the opposite signal occurs or use your method of trade exit

Ahoora Trend Indicator Bearish Chart

Sideways Market

The best results are achieved during strong market trends, so choppy conditions are unfavorable and should be avoided. Performance during the sideways market is poor. Take a look at the example chart.

Ahoora Trend Indicator Sideways Example

Note

Only a basic case of usage is given above. The Ahoora indicator can be utilized in trend-following, scalping, or even trend reversal forex strategies. It’s a good fit for both beginners and advanced forex traders. Despite it was designed as a standalone tool, feel free to use it in conjunction with other technical analysis indicators.