Trend Master Indicator
Platform: MT4 Type: Scalping Last update: November 2, 2024The Trend Master indicator for MetaTrader 4 is a perfect choice for traders who wants to know the current market trend by just taking quick glance at the chart.
It simply consists of two elements: a blue buy upward arrow and a red downward arrow. These arrows reflect a bullish market trend, and a bearish market trend respectively. This gauge is pretty versatile, as it can be used as a major trend recognizer, reversal point provider, or exit/entry points levels finder.
How does it work? How to apply in trading?
Signals provided by the Trend Master Indicator are really intuitive and will not cause you difficulties. Simply follow the suggestions below.
Buy Entry: Open long trade when the Trend Master indicator shows a blue upward arrow. Place your stop loss a few pips below the last swing low.
Sell Entry: Open short trade when the Trend Master indicator shows a red downward arrow. Place your stop loss a few pips above the swing high.
Exit Trade / Take Profit: Close your open position when the opposite signal occurs, or use your own preferred method of trade exit.
Example of EUR/GBP H4 Chart
This screenshot below shows an example of the Trend Master Indicator in action.
Submit your review | |
