Free Forex Indicators (MT4), Trend Following Indicators

Silver Trend Signal Indicator

The Silver Trend Signal Indicator is a custom technical analysis tool for MetaTrader that helps traders identify potential zones where the price of a tradable asset is likely to reverse.

Price action traders often use this as a signal to enter trades, but less experienced traders may find it difficult to spot these signals without assistance.

Silver Trend Signal Indicator Overview

It is designed to closely follow the trend of any asset and offers trading opportunities by identifying potential trade setups in a trending market.


The indicator is suitable for all levels of traders and different trading styles, including scalping, day trading, and swing trading.

When strong momentum in the opposite direction of a previous short-term trend direction is detected, it may suggest a reversal is imminent.

However, as with any technical indicator, the Silver Trend Signal Indicator should be used with caution and in combination with other technical analysis tools and risk management strategies.

Silver Trend Signal Indicator Explanation

The Silver Trend Signal Indicator is designed to follow the trend of an asset closely, and it can signal when a trend is likely to reverse after a minor retracement, providing potential trading opportunities.


The indicator uses color-coded signals to indicate the direction of the trend. A bullish reversal signal is painted lime green, while a bearish reversal signal is painted red.

Traders can use these signals to enter long or short positions when the trend is in their favor.

Traders should confirm signals with other technical indicators and price action analysis before entering a trade.

Silver Trend Signal Indicator: Buy Conditions

  • Confirm that the trend is bullish.
  • Wait for the indicator to paint a bullish reversal signal, colored in lime green.
  • Enter a long/buy position.

Also Read: Pet-D Indicator

Silver Trend Signal Indicator: Sell Conditions

  • Check that the trend is downward.
  • Watch for the indicator to display a red bearish reversal signal.
  • Take a sell or short position.

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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