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
Also Try: XM Forex Broker
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
- 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
- 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