Introduction to the Dadas True Trend Indicator
The Dadas True Trend Indicator is a trend momentum forex trading tool. It fits all kinds of timeframes and currency pairs. By default, it will work perfectly at lower timeframes like M1 or M5. If you want to trade at higher timeframes, change the “TF” option in the settings tab. For example, set it to 240 (H4). Look for buy opportunities when Dadas True Trend provides a blue line below your candlesticks, at the same, avoid trading when there is a red line above candles. Similarly, look for sell opportunities when the forex indicator plots a red line above your candlesticks, at the same, avoid trading when there is a blue line below candles.
The Dadas True Trend Indicator fits all kinds of timeframes and currency pairs. It is displayed directly on the main trading chart. The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
How to set up the Dadas True Trend indicator in MetaTrader (MT4)?
Download the Dadas True Trend.rar archive at the bottom of this post, unpack it, then copy and paste the Dadas True Trend.ex4 or Dadas True Trend.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
The Dadas True Trend indicator is well worth adding to your trading collection. A good forex indicator will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it. Don’t forget that we still have more great free forex MT4 indicators to download and try.
Download Free Forex MT4 Dadas True Trend Indicator
To download the Dadas True Trend Indicator for Metatrader 4 (MT4) for free just click the button below: