
Precision Trend Indicator
Platform: MT5 Type: Trend Last update: January 23, 2025The Precision Trend Indicator for MT5 recognizes the trend direction and overlaps default candles to corresponding colors (lime/orange). The signals provided by that tool are really easy to read – you can use it for standalone scalping, swing trading, and reversals. What’s more, this is a NON REPAINT indicator, so you can backtest it and count on the signals without worries.
Example chart:
How to use the precision trend indicator in metatrader 5?
As the name suggests, the indicator was designed to define start and end of meaningful market moves with accuracy and precision. In practice, its performance is good and there are no reasons to complain as it’s able to catch large swings often.
Simplified trading rules are the following:
- Open buy trade at the first candle that changes from orange to lime color. The bullish trend should start now.
- Open sell trade at the first candle that changes from lime to orange color. The bearish trend should start now.
Things like period (default value: 14) and sensitivity (default value: 3.0) are customizable in the settings tab. One can adjust them to personal preferences or to the characteristics of the chosen asset.
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