Pinkish Trend Indicator

Pinkish Trend is a forex trading indicator. It can be use standalone as a complete trading system too. Pinkish Trend is very easy to understand and use as it simply shows nothing more than a customized and colored version of the candle bars. There are only pink and green bars on the chart but with proper recognition of the trend it gives really accurate and profitable signals.

Rules for long trades:
Identify current market to be in clear uptrend.
Wait for the correction to happen (pink bars).
Enter long position just after first closed green bar.
Place your stop just below the recent swing low.
Take your profits when the pink bar appears again.

Rules for short trades:
Identify current market to be in clear downtrend.
Wait for the correction to happen (green bars).
Enter long position just after first closed pink bar.
Place your stop just below the recent swing high.
Take your profits when the green bar appears again.

Bottom Line

The Pinkish 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.

Download Free Forex MT4 Pinkish Trend Indicator

To download the Pinkish Trend Indicator for Metatrader 4 (MT4) for free just click the button below:

Pinkish Trend Indicator Free Download

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