Free Forex Indicators (MT4), Trend Following Indicators

Instantaneous Trend Line

Instantaneous Trend Line is a crossover based trend-following forex trading indicator. It applies a dual-MA system composed in different parameters in order to come up with effective crossover trend signals. This indicator is admired by newbie traders for its simple chart demonstration and easy trade signal systems.

This indicator is a versatile indicator and offers great flexibility for its traders. For example, it can be applied to trade all kinds of forex currency pairs and also suits all sorts of time frame charts within the Forex MT4 trading platform.

Instantaneous Trend Line Overview

Instantaneous Trend Line

Download and install the indicator on your MT4 terminal. Once you’re done, find your trading chart like the image below

Explanation

Instantaneous Trend Line Overview

Instantaneous Trend Line has been built with two specially parameterized moving averages called Insta 5 and Insta 65. Insta 5 stress on current changes in price action data and signals for the short-term market trends. On the other hand, Insta 65 focuses on long-term changes in price actions and signals for intraday or daily trends. Insta 5 moves above Insta 65 represents the bullish crossover signal. Oppositely, Insta 65 value is greater than Insta 5 means it is a bearish crossover signal. Once a crossover is confirmed, a trade can be entered along with the crossover direction. You can exit the trade whenever you counter an opposite crossover signal to your trade direction.

Also Read: Exness Review

Instantaneous Trend Line: Buy Condition

Instantaneous Trend Line 1
  • Insta 5 is greater than Insta 65
  • Price candle closes above the Insta 5 level
  • Buy triggers when the above conditions are met
  • Set stop loss below the Insta 65 level
  • Exit long or take profit whenever the indicator plots a bearish crossover signal

Instantaneous Trend Line: Sell Condition

Instantaneous Trend Line 2
  • Insta 65 is greater than Insta 5
  • Price candle closes below the Insta 5 level
  • Sell triggers when the above conditions are met
  • Set stop loss above the Insta 65 level
  • Exit short or take profit whenever the indicator plots a bullish crossover signal

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I have been actively trading stocks and currencies since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund which 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.