Jurik Smooth Histogram MTF is a simple forex trend oscillator that is able to guide through the entry to exits of your trend-following tradings. Its developer has stressed more on the simplicity of its use and the quality of its trade signals. Therefore, this smooth histogram can be a great helping hand for the newbie trend-oriented traders.
Jurik Smooth Histogram MTF can be applied to trade all kinds of forex current pairs listed in the markets. Furthermore, this sophisticated forex tool suits all sorts of timeframe charts within your MT4 trading platform.
Jurik Smooth Histogram MTF Overview
Download the MTF and install it on your MT4 terminal. Once you’re done, find your trading chart like the following image
Jurik Smooth Histogram MTF Explanation
Jurik Smooth Histogram MTF applies a unique algorithm that can count the highs and lows of the price volatility and transforms the price-action data into simple trend signals.
This indicator helps you to understand the depth of the current market momentum and notifies you for possible changes in the market trends. It uses histogram bars in order to plot the trade signals.
The bars switch their colors from green to red means the market is entering into a bullish mode. In the opposite way, the bars turn green from red represents the bearish trend signals of the market. You can also add other trend-following forex indicators to Jurik Smooth for enhancing the trade signal accuracy.
Jurik Smooth: Buy Conditions
- Jurik Smooth Histogram bars turn red
- A bullish candle is plotted at the same time
- Buy triggers at the break of the respective bullish candle’s high
- Set stop loss below the current low of the market
- Exit long/take profit whenever Jurik Smooth bars turn green
Also Read: CAP Channel Trading Indicator MT4
Jurik Smooth: Sell Conditions
- Jurik Smooth Histogram bars turn green
- A bearish candle is plotted at the same time
- Sell triggers at the break of the respective bearish candle’s low
- Set stop loss above the current high of the market
- Exit short/take profit whenever Jurik Smooth bars turn red