Half Trend Buy Sell Indicator
Platform: MT4 Last update: October 18, 2024The Half Trend Buy Sell Indicator for MT4 is a popular indicator and it is widely used in many forex systems and trading strategies. It works very well at determining past and current bear and bull trends.
This tool falls into the trend-following category of indicators. It consists of two elements: the main signal line plus buy / sell arrows. Let’s see how to use it.
How to apply Half Trend Buy Sell Indicator in trading?
Buy Entry: Open long trade when the indicator signal line turns blue and the upward arrow occurs. Place your stop loss a few pips below last swing low and trail it up with the moves of the signal line.
Sell Entry: Open short trade when the indicator signal line turns red and the downward arrow occurs. Place your stop loss a few pips above last swing high and trail it down with the moves of the signal line.
Exit Trade / Take Profit: Close your open position when an opposite signal occurs, or use your own preferred method of trade exit.
Example of EUR/USD H4 Chart
This screenshot below shows an example of Half Trend Buy Sell forex indicator in action.
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