Free Forex Indicators (MT4), Trend Following Indicators
Half Trend Buy Sell Indicator
By Arun Lama
Published On
Half Trend Buy Sell Indicator is a Moving Average based market trend identifying tool that suits all sorts of trading styles. This indicator can signal both the trend and trade at the same time.
It can be applied to trade all kinds of forex currency pairs within the MT4 trading platforms and fits with all sorts of timeframe charts.
The Indicator demonstrates the trend signals in a much simpler way so that everybody including newbies can apply it for real trading purposes. Besides, it can also be added to other trend-following systems for better performance.
Half Trend Buy Sell Indicator calculates the open and close of the price bars over the selected period of time and applies its own calculation method to find an average line of the price movement. This slope works like a moving average.
It turns blue and price moves above its level mean the market is in a bullish trend. On the contrary, price drops below its level and the slope turns red when the market is in a bearish trend.
This indicator plots up/downward arrows around the price candles pointing the direction of possible trade entries.
Half Trend: Buy Condition
Price moves above the indicator slope
Half Indicator turns blue
A blue upward arrow appears below the price candle
Set stop loss below the indicator level
Exit long/take profit whenever a red downward arrow appears above the price bar
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.
The Indicator is giving fantastic results. Also, the technical details given by you are very useful. I have added 132 EMA for Day`s Trend. VWAP with Deviation Bands works as variable Resistance/Support levels.
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.
The Indicator is giving fantastic results. Also, the technical details given by you are very useful. I have added 132 EMA for Day`s Trend. VWAP with Deviation Bands works as variable Resistance/Support levels.
Thanks a lot
looking for a amibroker formula for half trend
Looking for a MT5 version
Please how can I use it I ve install it on my mobile phone u can’t use it some one should please teach me