Movment Indicator

Movment Indicator

Movment Indicator For MT4 visually signals weakening forex trend and market reversals based on the price movements. Good for intraday forex trading signals

The Movment indicator for MT4 automatically detects the trend direction and changes the candle color. It changes the candle color to three different gradients to indicate the trend strength. So, this indicator helps forex trend traders in technical analysis and to formulate trading strategies. Additionally, traders can anticipate price reversals upon weakening trend strength and exit the buy or sell trade accordingly.

The indicator is easy to visualize with the colors and works well for new and advanced forex traders. Moreover, it works well in all intraday chart times and daily, weekly and monthly price charts and is suitable for traders across the spectrum. Additionally, this indicator does not repaint upon candle close.

Movment Indicator For MT4 Trading Signals

The indicator plots uptrend candles in red and down trend candles in blue, with a change in the color gradient in three levels based on trend weakness. In the above image, the input setting is 100 points to provide smooth intraday trend. However traders should adjust the settings according to their trading preferences and the currency pair.

The trading strategy is based on the color change of the candles from blue to red and vice versa. A red bullish candle signals the forex trader to open a buy trade with a stop loss below the previous swing low. Similarly, traders should initiate a sell position once a red candle appears.

The indicator does not provide a profit target, so traders should consider to exit the position upon an opposite trading signal. On the other hand, it is better to exit the trade with a good risk reward ratio.

Conclusion
In summary, the Movment indicator for MT4 helps the forex traders to spot current trend weakness and to identify market reversal points.