Free Forex Indicators (MT4), Trend Following Indicators

Kuskus Starlight Indicator

The Kuskus Starlight Indicator represents an excellent forex trend identifying tool for MT4 platforms. It uses the simplest possible way for demonstrating the direction and strength of the market trends. Besides market experts, beginners also admire this trend identifier for its signal accuracy and simplicity of use.

Kuskus Starlight Indicator offers great flexibility as a trend trading tool. Because it automatically adjusts itself to any timeframe you choose within your MT4 platform. Moreover, it allows you to choose any financial assets you like to add to your chart and analyze the market trend.

Kuskus Starlight Indicator Overview

The Kuskus Starlight Indicator uses a separate indicator window allowing you to apply other technical tools to the main chart window.

Kuskus Starlight Indicator 1

The trend signal method it uses is quite simple and can easily be read by newbie traders.

Besides identifying the market trend directions, KusKus Starlight also helps traders to determine the strength and weakness of a price move.

Kuskus Starlight Indicator Explained

The Kuskus Starlight Indicator applies a 30-period moving average system that monitors the high, low, and closing price of the candlesticks for determining the trend value of the asset.

Kuskus Starlight Indicator 2

The indicator value is shown by using small colored crosses around the indicator window. The indicator turns blue and its value rises above the zero levels when the market is in a bullish trend. Conversely, for bearish trends, the indicator switches to a red color, and its value turns negative.

The rising and falling pattern of the indicator value signals the strength and weakness of the market trends. For instance, its value turns positive and keeps rising following an uptrend means the market is in a strong bullish move.

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Kuskus Starlight Indicator: Buy Conditions

Kuskus Starlight Indicator 3
  • The indicator turns blue
  • The indicator value rises above the zero levels and denies turning negative
  • Exit buy orders or take profit whenever the indicator shows a negative value

Kuskus Starlight Indicator: Sell Conditions

Kuskus Starlight Indicator 4
  • The indicator switches to a red color
  • The indicator value drops below the zero levels and rejects turning positive
  • Exit sell orders whenever the indicator value turns positive

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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