Forex trend indicator.

several popular trend indicators

to improve the quality of its signals The Forex trend indicator signals trade openings and simultaneously indicates the preferred locations for placing stop-loss and take-profit orders.

The signal itself is indicated by an arrow, and stop-loss orders are represented by multicolored stars.

Download the Forex Trend Indicator

. After you add the indicator to the asset's chart, multicolored arrows, stars, and dots will appear on the trading terminal screen. We'll discuss their meaning below.

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

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

• Yellow star - the preferred place for setting a stop loss.

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

• Yellow dots - the most important minimum and maximum points on a given time period.

The Forex Trend indicator has a multitude of settings, a description of which is included in the script archive.

Trading with the script is extremely simple: see an arrow and open a position, while remembering to evaluate the trend itself.