Free Forex Indicators (MT4), Trend Following Indicators

FX Pulse 4 Indicator

The FX Pulse 4 Indicator is a technical and fundamental analysis tool designed for traders using the MetaTrader 4 platform.

It helps traders identify potential entry and exit points, trend reversals, and market sentiment by analyzing multiple timeframes simultaneously.

FX Pulse 4 Indicator Overview

The indicator measures the strength of a currency pair’s price movements by calculating the difference between the current and average prices over a specified period.

FX-Pulse-4-Indicator-Overview

It also displays current news events and economic data releases that can impact price movements.

The FX Pulse 4 Indicator trading strategy involves matching the trend signals shown in multiple timeframes with the released news event to identify potential buy or sell opportunities.

FX Pulse 4 Indicator Explanation

The FX Pulse 4 Indicator measures the difference between the current price and the average price of a currency pair over a specified period to provide insight into the strength of the trend.

FX-Pulse-4-Indicator-Chart-Explanation

It also displays a trend detector panel that shows blue dots when the trend is bullish and red dots when the trend is bearish across multiple timeframes, ranging from 5-minute to daily charts.

Traders can use the FX Pulse 4 Indicator to identify potential entry and exit points, trend reversals, and market sentiment by analyzing multiple timeframes simultaneously.

FX Pulse 4 Indicator: Buy Condition

FX-Pulse-4-Indicator-Buy-Signal
  • Look for blue dots in most timeframes on the Trend Detector panel.
  • Wait for hawkish news on the target currency.
  • Place a buy order based on the identified trend and news.
  • Exit the buy order when most of the dots turn red.

Also Read: Trade with Oanda (US Traders)

FX Pulse 4 Indicator: Sell Condition

FX-Pulse-4-Indicator-Sell-Signal
  • On the Trend Detector screen, look for red dots in the majority of timeframes.
  • Anticipate bad news on the target currency.
  • Based on the detected trend and news, place a sell order.
  • When most of the dots have turned blue, cancel the sell order.
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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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