Easy Trend Visualizer Metatrader 4 Forex Indicator
The Easy Trend Visualizer MT4 indicator is an ADX based trend trading indicator which provides easy to trade buy and sell forex signals.
The indicator consists of 3 ADX indicators with different periods (10, 14, 20).
Signals from the Easy Trend Visualizer are visible on the chart:
A buy signal occurs when the indicator draws a blue colored arrow on the MT4 chart. The blue arrow represents the opportunity to go long.
A sell signal occurs when the indicator draws a magenta colored arrow on the MT4 chart. The magenta arrow represents the opportunity to go short.
The Easy Trend Visualizer Metatrader 4 indicator can be used as a standalone signals indicator or alongside other technical tools.
Works for scalping, day trading and swing trading.
For scalping and day trading, use during the London and New York trading sessions.
The EUR/USD 15-Minute chart below displays the Easy Trend Visualizer Metatrader 4 Forex indicator in action.
Basic Trading Signals
Signals from the Easy Trend Visualizer MT4 forex indicator are easy to interpret and goes as follows:
Buy Signal: Buy the currency pair when the Easy Trend Visualizer draws a blue arrow on the chart. Place a protective stop-loss a few pips below the previous swing low price.
Sell Signal: Sell the currency pair when the Easy Trend Visualizer draws a magenta arrow on the chart. Place a protective stop-loss a few pips above the previous swing high price.
Trade Exit : Use your own method of trade exit.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Chart pattern indicator
Customization options: Variable (ADX period 1, ADX period 2, ADX period 3) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the easy-trend-visualizer.mq4 into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)