Free Forex Indicators (MT4), Trend Following Indicators

DAT TRIX Indicator

DAT TRIX Indicator is a momentum-defining tool, compares a specific closing price of a security to a range of its prices over the selected period of time.

Its developer has managed to demonstrate the comparison in a very simple way so that everybody can understand them and be benefited from its effective momentum signals.

DAT TRIX Indicator can be applied to trade all kinds of forex currency pairs including Cryptocurrencies like Bitcoins and others. Moreover, this indicator suits all sorts of time frame charts within the MT4 forex trading platform.

DAT TRIX Indicator Overview

Once you’re done with the installation of the Indicator at the MT4 terminal, your chart will appear like the following image:

DAT TRIX Indicator Overview

Also Read: Best Forex Trading Strategy

DAT TRIX Indicator: Explanation

DAT TRIX Indicator Explanation

DAT TRIX Indicator applies two different parameters of DAT TRIX averages for producing the crossover signals. 20 DAT TRIX reacts pretty quickly with the changes in price-actions but 34 DAT TRIX is quite opposite and moves slowly with the price movements.

20 DAT TRIX moves above the 34 DAT TRIX to signal the bullish crossover of the market momentum. Contrarily, 34 DAT TRIX moves above the 20 DAT TRIX represents the bearish crossover signals and indicates the market momentum as bearish. The indicator value is positive means the intactness of the bullish momentum and turns negative to validate the bearish momentum of the market.

DAT TRIX: Buy Conditions

DAT Buy Conditions
  • 20 DAT TRIX moves above 34 DAT TRIXX levels
  • The indicator value turns positive
  • Buy triggers when the above conditions are met
  • Set stop loss below the current low of the market
  • Exit long/take profit whenever the indicator plots the bearish crossover signal 

DAT TRIX: Sell Conditions

DAT Sell Conditions
  • 20 DAT TRIX moves below 34 DAT TRIXX levels
  • The indicator value turns negative
  • Sell triggers when the above conditions are met
  • Set stop loss above the current high of the market
  • Exit short/take profit whenever the indicator plots the bullish crossover signal

I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

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About Trend Following System

Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money.

Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.
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