Jurik Trend Strength Indicator

Jurik Trend Strength Indicator

Determine market trends & examine the validity of current price momentums using Jurik Trend Strength Signals in MT4. Suits forex & stock trading on MTF charts.

The Jurik Trend Strength indicator is an intriguing MT4 oscillator that simultaneously evaluates trend strength and reveals the current trend condition. Based on a crossover approach, the oscillator indicator can also help spot highly probable buy-sell signals. The formation of a new trend can be spotted by crossing two moving averages in the oscillator, and we can initiate a trade in response.

This guide explains how to assess market trends and possible trade entry signals using the Jurik Trend Strength indicator for MT4.

How to Spot Potential Buy-Sell Signals Using the Jurik Trend Strength Indicator for MT4

The indicator plots a green signal slope to indicate a bullish trend. Conversely, a red line signals a bearish market. In the above chart, GBP/USD rejected the horizontal support and bounced from the level for a bullish move. Meantime, the indicator turned green and kept rising, confirming a buy signal following the uptrend.

For sell confirmations, the price should be denied from a resistance while the indicator displays a red line. If you’re not using horizontal S/R levels, trendlines can also guide you through key price level zones.

Conclusion
The Jurik Trend Strength indicator signals are found consistently accurate while using it on higher timeframes in MT4. However, it’s not advisable to depend on a single trend oscillator for confirming a buy or sell entry. Generally, traders apply it alongside their trading strategies to enhance signal accuracy. For beginners, it’s ideal to combine indicator with price chart tools while determining a trading opportunity.