Free Forex Indicators (MT4), Trend Following Indicators

Turn Area Forex Indicator

Turn Area Forex Indicator is a combination of Relative Strength (RSI) and Exponential Moving Average (EMA). Providing such a unique blend, this indicator has been able to define the market trends along with its overbought/oversold conditions. Therefore, it supports both scalpers and day traders with their daily trading tasks which include consistent trade entry and exit signals.

Turn Area Forex Indicator adjusts itself with all sort of timeframe charts available within your forex MT4 trading platform. Besides, it can be applied to trade any forex currency pair you like including metals, CFDs, and stocks featuring in the financial markets.

Turn Area Forex Indicator Overview

Download Turn Area Forex Indicator and install it on your MT4 terminal. Once you’re done, your trading chart will appear like the following image:

Turn Area Forex Indicator

Turn Area Forex Indicator Explanation

Turn Area Forex Indicator applies a 12-day EMA along with a 21-period of RSI for determining both the market trend and its overbought or oversold conditions.

Turn Area Forex Indicator Anatomy

The two indicators are placed ina single oscillator therefore you are not required to do any individual analysis. The indicator bars moves above its zero level means the trend is bullish.

The value turns negative when the market is in a bearish mode. The bars at the zero level signals for a sidle lined market (no trend). Its level between 15 and 25 is considered as the overbought area and levels between -15 and -25 represent the oversold area of the market.

Also Read: Exness Broker Review

Turn Area: Buy Conditions

Turn Area Forex Indicator Buy
  • Turn Area bars drops below its -15 level and bounces upwards
  • The indicator value turns positive
  • Buy triggers when the above conditions are met
  • Set stop loss below the recent low of the market
  • Exit long/take profit whenever the indicator bars stars to drop from its overbought level

Turn Area: Sell Conditions

Turn Area Forex Indicator Sell
  • Turn Area bars rises above its 15 levels and drops downwards
  • The indicator value turns negative
  • Sell triggers when the above conditions are met
  • Set stop loss above the recent high of the market
  • Exit short/take profit whenever the indicator bars stars to rise from its oversold level

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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