Introduction to the Precision Trend on Moving Averages Indicator
The Precision Trend on Moving Averages Indicator is an enhanced trend-following forex indicator. The foundation of that Precision Trend indicator is a line that works a bit like a Moving Average, but it does a better job at recognizing trend direction. It’s green when the trend-momentum is bullish, red when the trend-momentum is bearish, and gray when the market is indecisive. Additionally, it provides buy/sell arrows as suggestions for trade entry points.
The Precision Trend on Moving Averages 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.
How to set up the Precision Trend on Moving Averages indicator in MT4?
Download the Precision Trend on Moving Averages.rar archive at the bottom of this post, unpack it, then copy and paste the Precision Trend on Moving Averages.ex4 or Precision Trend on Moving Averages.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
The Precision Trend on Moving Averages 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 MT4 indicators to download and try.
Download Free Forex MT4 Precision Trend on Moving Averages Indicator
To download the Precision Trend on Moving Averages Indicator for Metatrader 4 (MT4) for free just click the button below: