Introduction to the Skdon Trend Indicator
The Skdon Trend is a reliable and accurate buy/sell arrows forex indicator.
That gauge tries to pick the new market trend at its very beginning. It also allows you to exit before the market reversal.
Thanks to the simplicity of that indicator, it will make you more consistent profits in the currency market.
It is a perfect choice for swing traders and day traders. It offers massive cash spinning opportunities during strong trending markets.
It fits all kinds of timeframes and currency pairs.
The indicator 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.
Simplified trading rules with the Skdon Trend Indicator:
- Buy entry point occurs after a blue upward pointing arrow appears along with ensuing blue Heiken Ashi candles.
- Sell entry point occurs after a red downward pointing arrow appears along with ensuing red Heiken Ashi candles.
How to set up the Skdon Trend indicator in MT4?
Copy and paste the skdon-trend-indicator.ex4 or skdon-trend-indicator.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 Skdon Trend indicator is well worth adding to your trading collection but 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.
Skdon Trend Indicator Free Download
To download the Skdon Trend Indicator for Metatrader 4 (MT4) for free just click the button below: