T3 ASI Indicator

T3 ASI Indicator

The T3 ASI indicator for MT4 is the best MetaTrader 4 (MT4) indicator for identifying trend reversal.

The T3 ASI indicator is a product of the T3 and the Accumulative Swing Index (ASI) indicators suited for the MetaTrader 4 (MT4) trading platform. It is a user-friendly indicator and very effective in identifying trend reversal/direction of the market.

According to Welles Wilder, the developer of the ASI indicator, the indicator shows the line of the “real market price,” a concept he also referred to as the “phantom line of price.” Therefore, the ASI indicator is a tool that evaluates the strength or weakness of the market trend.

On the other hand, the T3 indicator follows the market trend on multiple timeframes to detect trend reversal zones. Therefore, by combining the signals of T3 and Accumulative Swing Index indicators, a forex trader can spot an optimal zone to buy or sell an instrument.

How to Use the T3 ASI Indicator for MT4

The attached image shows the lines of the T3 and ASHI indicators on the EUR/USD currency pair.

This indicator for MT4 identifies short and long-term trading opportunities suitable for scalpers and swing traders. It depicts a buy or sell signal when the deep sky blue line crosses the pale violet red to the upside/downside, respectively.

Conclusion
The T3 ASI indicator for MT4 is a trend momentum and a trend-following indicator, which work in synergy to identify buying and selling opportunities in the financial industry.