4 Trendline V3 MKS Indicator

4 Trendline V3 MKS Indicator

The 4 Trendline V3 MKS Indicator is a technical analysis tool that displays the market direction of different trading sessions.

The 4 Trendline V3 MKS Indicator is a financial market indicator suited for the MetaTrader 4 (MT4) that displays the trend conditions of different trading sessions. It comes with four distinct trend lines that connect all the candlesticks formed during a trading session.

Each trend line of the indicator helps to identify the trend direction of a particular trading session. Furthermore, the indicator works well on lower time frames (e.g., M15), which makes it an ideal technical trading tool for scalpers and day/intraday traders.

Features Of The 4 Trendline V3 MKS Indicator

As stated above, the 4 Trendline V3 MKS Indicator depicts the trend direction of different market sessions with four distinct trend lines. The first and second trend lines (TL1 and TL2) are depicted with the dodger blue and golden red color, while the TL3 and TL4 are represented with the salmon and violet color.

Thus, the first trend line (TL1) of the indicator connects the candlestick from 2:45 pm to 9:115 pm, while the TL2 connects the candlesticks formed between 2:45 pm and 11:45 pm. Furthermore, the TL3 connects the candlesticks formed between 12:15 am and 5:15 am, while the TL4 connects the candlesticks of 5:15 am through to 11:15 am.

Benefits of Using The Indicator
Trend visualization: The indicator uses the trend lines to show the direction of an asset for a specific trading session.
Buy/Sell Signals: The indicator identifies buying and selling opportunities in the market. Thus, a buy/sell opportunity is signaled when the first candlestick for a session closes above/below the trend line.
Conclusion
The 4 Trendline V3 MKS indicator is one of the best trend analysis indicators highly optimized for identifying short and long-term trading opportunities. What’s more, the signals are easy to decipher, which makes it user-friendly.