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Pinkish Trend

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.

Pinkish Trend Indicator free download:

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