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Half Trend Buy Sell Indicator for MT4
The Half Trend Buy Sell Indicator for MT4 is a trend-following indicator that gives forex traders real-time BUY and SELL signals through arrows. This non-repainting indicator is widely appreciated for its accuracy, providing clear trend direction, entry, and exit points.
The Half Trend Buy Sell Indicator for MT4 is a trend-following indicator that gives forex traders real-time BUY and SELL signals through arrows. This non-repainting indicator is widely appreciated for its accuracy, providing clear trend direction, entry, and exit points.
Key Features
- Trend-Following Signals: The indicator uses moving averages to generate precise BUY and SELL signals marked by arrows.
- Trend Strength Indication: The indicator visually shows trend strength, sloping upward for strong uptrends (blue) and downward for strong downtrends (red). When there’s no trend, the line stays flat.
- Non-Repainting: The Half Trend indicator does not repaint, meaning the arrows stay fixed, ensuring reliable signal interpretation.
How to Trade with the Half Trend Indicator
- For a BUY Signal:
- The price should move above the indicator.
- The indicator should turn blue.
- A blue arrow should appear below the indicator.
- For a SELL Signal:
- The price should be below the indicator.
- The indicator should turn red.
- A red arrow should appear above the indicator.
- Exiting the Trade:
- Hold the position until the opposite signal appears.
- Place a stop-loss below the previous swing low for a BUY position or above the previous high for a SELL position.