Forex trend indicator.

One of the most effective indicators at the moment, in order to improve the quality of signal delivery, the authors of the script combined several popular trend indicators in it, which reduces the number of false signals.

Forex trend indicator - gives a signal to open a transaction and at the same time indicates the preferred places for placing stop loss and take profit orders.

In this case, the signal itself is indicated in the form of an arrow, and stops are transmitted by multi-colored stars.

Download Forex trend indicator

. After you add the indicator to the chart of a working asset, multi-colored arrows, stars and dots will appear on the screen of the trading terminal; we will get acquainted with their meaning below.

• Blue arrow - in an upward direction is a signal to open a long position.

• Red arrow - in a downward direction indicates an excellent opportunity to open a short position.

• Yellow asterisk - place for preferred stop loss setting.

• Purple star - a hint for placing a take profit order.

• Yellow dots are the most important minimum and maximum points for a given time period.

The Forex trend indicator has a lot of settings, the description of which is in the archive with the script.

Trading using a script is as simple as possible: if you see the arrow, you open a position, and don’t forget to evaluate the state of the trend itself.