SKdon Trend Indicator

SKdon Trend Indicator

SKdon trend indicator for mt4 – download free. Best trend reversal indicators. MT4 trend following indicators. Non Repainting indicators.

The SKdon Trend indicator for MetaTrader is a technical trading tool that is optimized to follow the price of any tradable asset. This technical indicator first identifies a possible turning point of the price with a BLUE/RED signal arrow and then follows the established trend.

The indicator is best used in synergy with price action and/or other technical indicators. It comes with RED and BLUE signal arrows to mark the beginning of a new trend. It also paints continuous BLUE/ RED bars.

The BLUE bars indicate a potential bullish order flow, while the RED bars indicate a potential bearish order flow. The bars are continuously displayed as the trend progresses.

The SKdon Trend indicator is suitable for both newbie and experienced traders. Moreover, the indicator is suitable for scalping and intraday trading.

SKdon Trend Indicator BUY/SELL Signals

The above screenshot shows how the indicator would look on your MT4 dashboard. It also illustrates how to pick high probability trade entries.

BUY Signal: Wait for the indicator to paint a blue arrow which suggests a possible move to the upside. You may then open a BUY/LONG position after price action also prints a bullish reversal candlestick pattern (e.g. bullish engulfing).

SELL Signal: Wait for the indicator to paint a red arrow which suggests a possible move to the downside. You may then open a SELL/SHORT position after price action also prints a bearish reversal candlestick pattern (e.g. bearish engulfing).

Take Profit and Stop Loss are discretionary to every trader. However, for maximum profit, you can trail your Stop Loss once your trade is in profit and exit (Take Profit) at the opposite signal.

Conclusion
The SKdon Trend indicator would help you to take advantage of a trend at the early reversal stage, and ride along with it as it progresses. Finally, the indicator is free to download.