Market Trend Indicator

Market Trend Indicator

Forex BUY and SELL signals from the best Market Trend Indicator. Find key market reversals.

The Market Trend Indicator is a simple MT4 indicator that tells about the direction of the trend.The indicator plots three color bars on the side window to show the market trend. These colors include lime, grey, and red. With the help of the colors, traders can take BUY and SELL positions.

When the indicator plots red bars, it indicates a downward trend. Conversely, if the indicator illustrates lime color bars, it indicates an uptrend.The good thing about the Indicator is it works on every timeframe, so every type of forex trader can use it.

Market Trend Indicator BUY/SELL signals

The above USD/CAD H4 chart shows BUY and SELL signals with the indicator. To determine the BUY and SELL signals, traders need to look for the red and green bars. When the indicator shows red bars, traders can enter short positions and exit long ones. Conversely, when the indicator shows lime bars, it signals an uptrend. Here traders can take long positions or exit short ones.

Traders should wait for the price action to develop, then enter long or short positions with the indicator. The grey color bars represent market neutrality. Here traders should refrain from taking positions. Sometimes Indicator doesn’t plot red or lime bars even though there is a strong trend. To solve this, traders can apply other indicators along with the Market Trend Indicator.

Conclusion
The Market Trend Indicator is a trend indicator that tells about the direction of the trend by plotting different color bars. You can download the indicator for free from our indicator’s section.