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Trend monitor for MT4, a customized MT4 (Metatrader 4) indicator that evaluates the pattern and volatility analyzer indication. In addition, it creates buy and sell signals that work for many currency sets and timeframes.
In conclusion, we have actually coded it based upon the Super Trend Formula to be more precise by including a volatility analyzer.
Trend monitor for MT4
1. secret features
Recognize the start and completion of the pattern.
Determine quickly the Strength of the Trend (Max Increase and Max Decrease)
Determine the marketplace Corrections. (Weak Trend)
When the Potential pattern starts, get Alert.
2. How to utilize trend monitor
The Indicator is shown in a different window simply listed below your primary trading chart. To put it simply, it includes red and green pie chart.
Start up trend
Histogram modification from Red color to Green color.
Now open long position after initially closed candle light conference above condition.
Set stop loss to last swing low point.
When the Xmaster indication turns to Red pie chart, exit the trade/ take earnings at the arrival of opposite signal.
Read more article: Learn Forex Trading Step by Step
Start down trend
Histogram modification from Green color to Red color.
Now open brief position after initially closed candle light conference above condition.
Set stoploss to last swing peak
When the Xmaster indication turns to Green pie chart, exit the trade/ take revenue at the arrival of opposite signal.
Read more article: Foreign Exchange Market Definition
If you have some concerns or if you require aid:
1. Contact me through Private Message.
SAYADI ACHREF, fintech software application engineer and creator of Finansya.
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Hi my name is Joseph Benson, I have been trading forex for more than 13 years now and I am still trading actively. Learn how to trade easily by following my blog