Glasneba Indicator

Glasneba Indicator

Glasneba Indicator For MT4 combines the DMI, ADX, and EMA to provide forex trend direction and its strength. Profitable bullish and bearish trend signals.

The Glasneba indicator for MT4 measures the forex price volatility and identifies the trend direction. It uses the DMI – Directional Movement Indicator, ADX – Average Directional Index and the EMA – Exponential Moving Average to provide bullish and bearish trading signals.

This histogram indicator is easy to use and helps both new and advanced forex traders. Moreover, it works well in all intraday charts as well as the daily, weekly and monthly chart time frames. Additionally, traders can use this indicator to formulate auto trading strategies.

Glasneba Indicator For MT4 Trading Signals

The indicator plots the DMI histogram bars in Moccasin and the yellow and blue ADX lines in a separate indicator window. While the DMI shows the forex market trend direction, the ADX shows the trend strength. Traders can visually identify both indicators and trade in confluence for profitable forex trading results.

The histogram bars above zero line indicate an uptrend, while bars below zero indicate a downtrend. On the other hand, if the ADX yellow line is below the red line the trend is bullish and vice versa. The gap between the yellow and blue ADX lines shows the trend strength.

The best trading strategy is to open a buy trade if the histogram bars is above the zero line and the yellow ADX line is above the blue line. Traders can place a stop below the previous swing low and book profits at an opposite signal.

Traders can open a sell trade in the opposite conditions of a buy trade.

Conclusion
In summary, the Glasneba indicator for MT4 is a directional and strength indicator for forex trends. Moreover, it is free to download and easy to install.