Follow Trend Indicator

Follow Trend Indicator

Follow Trend indicator for mt4. Best trend following indicator. Trend reversal indicator.

The Follow Trend indicator for MetaTrader is a trading system that closely follows the price of any tradable asset. The indicator can come in handy for detecting trend reversals as well as trend continuation.

This technical indicator is built with an algorithm that keeps track of the recent market sentiment formed by the previous candlesticks. The outcome of the tracked data is visually represented on the chart with blue and red lines.

A bullish trend is depicted when the price is above the blue line, while a bearish trend is depicted when the price is below the red line. Besides the red and blue lines, the indicator also comes with a red and a blue dot which acts as a confirmation for a bullish/bearish move.

Furthermore, the indicator is suitable for both novice and experienced traders. It also works fine with different trading techniques like scalping, day and swing trading.

Follow Trend indicator BUY/SELL Signals

The above screenshot shows how the Follow Trend indicator would look on your MT4 chart. The indicator is recommended to be used in sync with price action for better entries.

BUY Setup: Firstly, ensure that the price is above the blue line, and then wait for the blue dot to confirm the established trend. With these conditions, you may open a BUY/LONG position after price action such as a bullish engulfing candlestick pattern, for instance.

SELL Setup: Firstly, ensure that the price is below the red line and the red dot is also visible. With these conditions, you may open a SELL/SHORT position after price action such as a bearish engulfing candlestick pattern, for instance.

Conclusion
The Follow Trend indicator for MT4 is a technical tool you may need to add to your chart. It looks simple but powerful enough to increase your winning rate over time. What’s more, it is free to download.