Free Forex Indicators (MT4), Trend Following Indicators

Pet-D Indicator

The Pet-D Indicator is a technical analysis tool used by forex and stock traders to identify market trends and make trading decisions.

It detects market trend reversal points and early price trends, and traders can use the indicator’s color changes as trading signals.

Pet-D Indicator Overview

The Pet-D indicator provides clear signals for both trade entry and exit. When the bar turns green, traders can enter a buy position, and when it turns red, traders can enter a sell position.


The indicator’s color changes can also be used to determine the best time to exit a trade.

The Pet-D indicator provides clear signals for trade entry and exit and is compatible with all trading strategies.

Traders can use the Pet-D indicator on multiple timeframes, making it suitable for both beginner and experienced traders.

Pet-D Indicator Explanation

The Pet-D indicator is designed to detect market trend reversal points and early price trends, which traders can use to determine the direction of the market and the best time to enter or exit a trade.


The Pet-D indicator is relatively simple and easy to use. It consists of a color-changing bar that indicates the direction of the trend.

When the bar turns green, it signifies an uptrend, and when it turns red, it signifies a downtrend.

To improve the accuracy of the Pet-D indicator, traders should use it in conjunction with other technical indicators, such as support resistance, trend lines, or price channels.

Pet-D Indicator: Buy Conditions

  • The price rebounds solid support zone.
  • The signal bar changes to green.
  • Set a stop-loss below the first candle of the signal.
  • Profit should be taken on red Pet-D signal bars.

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Pet-D Indicator: Sell Conditions

  • After rejecting a significant resistance zone, the price falls.
  • A red signal bar appears.
  • Set a stop-loss order above the first candle of the signal.
  • On green Pet-D signal bars, take a profit.

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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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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