Half Trend Buy Sell Indicator (MT5) - Free Download - Best Forex Indicators

Introduction to the Half Trend Buy Sell Indicator

The Half Trend Buy Sell Indicator is a trend-following and non-repainting forex trading gauge. Its signals are calculated and provided in a totally automatic way and are based on moving averages intersections. It’s a newbie-friendly tool as these signals are presented in the form of simple buy/sell arrows. Nonetheless, signal reliability is really solid. You can use it conjuction with any forex trading strategy.

The Half Trend Buy Sell 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.

Closer look on the Half Trend Buy Sell Indicator

The main idea behind that indicator is to provide a simple way of demonstrating market trends and trade signals. In the result, both beginners and advanced traders can take advantage of the tool. Just take a look, how it looks when activated in MT5:

As you can see, it’s just a line with buy/sell arrows to trade accordingly. The arrows are placed in the same place where intersection of moving averages happens. However, one cannot change periods of these moving averages. The following are available customizable inputs:

Half Trend Buy Sell Indicator: Buy Signal

Follow these tips for a long trade signal:

Upward arrow occurs
Open buy trade after triggering candle close
Set stop loss a few pips below the most recent market low
Keep your position open till oppsite signal happens or use your own trade exit strategy

Half Trend Buy Sell Indicator: Sell Signal

Follow these tips for a short trade signal:

Downward arrow occurs
Open sell trade after triggering candle close
Set stop loss a few pips above the most recent market high
Keep your position open till oppsite signal happens or use your own trade exit strategy

How to set up the Half Trend Buy Sell indicator in MetaTrader (MT5)?

Installation Guide

Download the Half Trend Buy Sell.rar archive at the bottom of this post, unpack it, then copy and paste the Half Trend Buy Sell.ex5 or Half Trend Buy Sell.mq5 indicator files into the MQL5 folder of the Metatrader 5 trading platform.

You can gain access to this folder by clicking the top menu options, which goes as follows:

File > Open Data Folder > MQL5 > Indicators (paste here).

Now go to the left side of your MT5 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.

Summary Of That Forex Indicator

The Half Trend Buy Sell 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 indicators to try.