Zwinner Trend Indicator
Platform: MT4 Type: Trend Last update: October 6, 2024The Zwinner Trend Indicator is a simple, but effective forex trend recognition tool. The provided trading signals are represented in the form of green and red bars. As you can probably guess, green bars indicate a bullish trend, and red bars indicate a bearish trend. Both beginners and advanced forex traders can it a try.
How to use the zwinner trend?
As the name suggests, the Zwinner Trend is a trend-following indicator. Therefore, it gives the best results during strong market trends. During sideways markets, the signals provided can be a bit noisy. You can pair it with some other technical analysis tool to increase signal accuracy or for confirmation. Detailed instructions are provided below.
Important note: on the internet, you can find the misinformation that this is a no repaint indicator. We have conducted test, and it proved that it is, unfortunately, a repainter.
Buy signal
Follow these steps for a long trade:
- Zwinner Trend bars switch from red to green
- Price swings higher from recent low swing
- Buy trade is triggered after the above conditions are met
- Set stop loss a few pips below the last swing low of the market
- Take profit or exit trade whenever the Zwinner Trend provides opposite signal or use your own method of trade exit
Sell signal
Follow these steps for a short trade:
- Zwinner Trend bars switch from green to red
- Price swings higher from recent high swing
- Sell trade is triggered after the above conditions are met
- Set stop loss a few pips above the last swing high of the market
- Take profit or exit trade whenever the Zwinner Trend provides opposite signal or use your own method of trade exit
