Trend Sentry Indicator
Platform: MT4 Type: Trend Last update: October 3, 2024The Trend Sentry indicator for MT4 is a trend-following indicator, that’s suitable for both, short-term scalpers, and longer-term swing traders.
That forex indicator itself it’s pretty basic as it consists of only two lines, a blue one, and a red one.
When the Trend Sentry provides the blue signal line it means that the current trend-momentum is considered bullish. Analogously, when the Trend Sentry provides the red signal line it means that the current trend-momentum is considered bearish.
Despite its simplicity, the indicator generates pretty accurate trading signals.
How to use trend sentry in practice?
Signals provided by the Trend Sentry Indicator are really intuitive and will not cause you difficulties. Simply follow the suggestions below.
Buy Entry: Open long trade when the Trend Sentry indicator shows a blue line and in the top right corner there is an information “LONG” displayed. Place your stop loss a few pips below the last swing low.
Sell Entry: Open short trade when the Trend Sentry indicator shows a red line and in the top right corner there is an information “SHORT” displayed. 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 GBP/USD H4 Chart
This screenshot below shows an example of the Trend Sentry Indicator in action.
