Free Forex Indicators (MT4), Trend Following Indicators

Perfect Trend Line Indicator

Perfect Trend Line Indicator is a Moving Average based trend-following forex trading indicator. Its developers have stressed more on its simplicity of use so that traders with any level of experience can be benefited from it.

The Line Indicator can match with both scalping and day trading thus suits with all sorts of timeframe charts. Moreover, it allows you to trade any forex currency pairs/assets you like within the financial markets.

Perfect Trend Line Indicator Overview

Download and install the Indicator at the MT4 platform. Once you’re done, your chart will appear like the following image

Perfect Trend Line Indicator Overview

Also Try: XM Forex Broker

Perfect Trend Line Indicator Explanation

Perfect Trend Line Indicator Explanation

Perfect Trend Line Indicator applies two MAs named 3 FLMA & 7 SLMA with different parameters. 3 FLMA moves above the 7 SLMA represent the bullish crossover of the market trend.

On the other hand, 3 FLMA moves below the 7 SLMA is considered as the bearish crossover of the market. It also plots greed dots below the price candle as buy signals and red dots above the price candles as sell signals for better understandings.

Perfect Trend: Buy Parameters

Perfect Trend Buy Parameters
  • 3 FLMA moves above 7 SLMA by plotting a bullish crossover
  • A green dot appears right below the price bar
  • A buy can be triggered after the above conditions are met
  • Set stop loss below the nearest low of the market
  • Exit long/take profit whenever it plots a bearish crossover signal with a red dot at the top of the chart

Perfect Trend: Sell Parameters

Perfect Trend Sell Parameters
  • 3 FLMA moves below 7 SLMA by plotting a bearish crossover
  • A red dot appears right above the price bar
  • A sell can be triggered after the above conditions are met
  • Set stop loss above the nearest high of the market
  • Exit short/take profit whenever it plots a bullish crossover signal with a green dot at the bottom of the chart

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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.

1 thought on “Perfect Trend Line Indicator”

  1. hi,

    i try to get link you perfect trend line indicator, but error. why

    please help me.

    thank you

    Sal Ali

    Reply

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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.