Trend Confirmation Indicator

Trend Confirmation Indicator

Trend following MT4 indicator. Forex trend reversal indicator.

Trend Confirmation indicator for MetaTrader is a non-repaint trading tool that gives you a visual direction of the market trend. The indicator is highly optimized to detect changes in price that may not be visible to the eye.

It is incorporated with a Standard Deviation and trend navigator to analyze and flow with the trend of the market. This in turn avails you trading opportunities in a trending market.

This technical indicator makes trading a lot easier and convenient because it helps you to easily identify a trending market. More so, the indicator also comes in handy in identifying possible trend reversals.

Trend Confirmation indicator is a trading system that would come in handy for both novice and experienced traders. You can interpret what the market is doing and take a trading decision with just a glance at what the indicator is doing on your chart.

The indicator supports different trading styles like scalping, day and swing trading. You can use it in any time frame that suits your trading method. Swing traders should use D1 and above though.

How To Trade With Trend Confirmation Indicator

The picture above depicts how Trend Confirmation indicator would look on your chart upon successful installation. From the above EUR/USD chart, you can see how the indicator revealed the major trend of the market.

Before we proceed, it is important to note that Trend Confirmation indicator shouldn’t be used in isolation. It is recommended to be used in sync with other indicators and/or with your trading strategy/price action.

The indicator has two signal colors – a red dot and a blue dot. The RED dot projects a possible downtrend while the BLUE dot suggests a possible uptrend. The consecutive painting of the RED dots is an indication of a strong downtrend, and vice-versa.

Generally, a BUY position is opened after the first dot appears, for instance. But the indicator is better used in synergy with price action or other indicators for profitable entries/exits.

For a BUY entry
If your analysis/price action projects a possible upward move, you may open a BUY position if Trend confirmation indicator paints a BLUE dot.

For a SELL entry
If your analysis/price action projects a possible downward move, you may consider a SELL position if the indicator displays a RED dot. You may also move your stop loss to break even once the indicator displays an opposing color to your trade direction.

Conclusion
Trend Confirmation indicator for MT4 helps you to identify the trend of the market plus potential reversals. It also makes your trading easier and more profitable. Finally, it is free to download.