Introduction to the Uni Trend Noise Balance Indicator
The Uni Trend Noise Balance indicator comes in handy when a trader needs to filter market noise to see a clear trend strength.
That forex indicator works like an oscillator, as it fluctuates between 0-100 values. There are three zones you can use for the Unitrend Noise Balance and it looks as follows :
- 40-65 – weak trend
- 65-80 – moderate trend
- 80-100 – strong trend
We suggest trading when the readings are at least 40 or above.
It fits all kinds of timeframes and currency pairs.
The indicator is displayed in a separate window placed just below 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 Uni Trend Noise Balance indicator in MT4?
Copy and paste the UniTrendNoiseBalance_v1.1 600+.ex4 or UniTrendNoiseBalance_v1.1 600+.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 Uni Trend Noise Balance 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.
Uni Trend Noise Balance Indicator Free Download
To download the Uni Trend Noise Balance Indicator for Metatrader 4 (MT4) for free just click the button below: