WATR Simple Trend Indicator
Platform: MT4 Type: Trend Last update: September 24, 2024The WATR Simple Trend indicator is a custom forex indicator that shows market trends in the form of an upside/downside band.
As the name suggests, it’s really simple to use that indicator. When the coral color band is moving below the candlesticks – it means there is a bullish trend. While the dodger blue color band is moving above the candlesticks – there is a bearish trend.
You can use that gauge as a trend-following tool, and even a breakout strategy tool.
Trade entry point happens after a first closed candle after band switch (trend direction change).
