Trend Following Indicators, Free Forex Indicators (MT4)

Pinkish Trend

You may find Pinkish Trend quite similar to another famous trend following indicator ‘Heiken Ashi’. It defines the market trend based on the current high and low of the market. The signal demonstration of this indicator is so simple that even a newbie trader will be able to apply it for real trading purposes.

This Indicator can be applied to trade any forex currency pair available at the market. Besides, it works on all sort of timeframe charts through the forex MT4 trading platform.

Pinkish Trend Overview

Once you’re done with the installation of the indicator at your MT4 terminal, your chart will appear like the following image:

Pinkish Trend Indicator Overview

Pinkish Indicator Anatomy

Pinkish Trend Indicator Anatomy

Pinkish Trend appears as the main price bar. Initially, you’ll need to switch the price bar mode into line chart in order to have a better view of the indicator. The Indicator bar turns yellow when the trend is bullish and turns pink to signal the bearish thrust of the trend. However, we recommend traders to wait for at least three same colors of consecutive bars to have a better confirmation of the trade signals. Although this indicator works on all sort of timeframe charts, we recommend you to try it on the longer timeframes in order to receive signals carrying better accuracy.

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Pinkish Trend: Buy Parameters

Pinkish Trend Indicator Buy Parameters
  • Pinkish Trend turns into yellow
  • At least three consecutive yellow bar forms in a row
  • Buy triggers when the above conditions are met
  • Set stop loss below the current low of the indicator bars
  • Exit long/take profit once the indicator bars close as pink 

Pinkish Trend: Sell Parameters

Pinkish Trend Indicator Sell Parameters
  • Pinkish Trend turns into pink
  • At least three consecutive pink bar forms in a row
  • Sell triggers when the above conditions are met
  • Set stop loss above the current high of the indicator bars
  • Exit short/take profit once the indicator bars close as yellow

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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