Perfect Trendline Forex Indicator MT4

Perfect Trendline Forex Indicator MT4

Perfect Trendline Indicator BUY/SELL signals
The above GBP/USD daily chart shows BUY and SELL signals with the indicator.

The Perfect Trendline Indicator draws trendlines on the chart alongside the up and down dots. With dots, the indicator suggests the overall direction of the market.

The trendlines and dots confirm the bearish and bullish momentum for BUY and SELL signals.

Forex traders should notice a couple of things for going long: the appearance of the green dot, and the other, when the green trendline passes above the red one.

Conversely, for going short, traders should notice the red dot when the red trendline crosses above the green one.

The appearance of the dots also illustrates an exit signal. When the green dot appears, it’s time to exit short positions. On the other hand, when the red dot emerges, it’s time to exit long positions.

Note that sometimes green and red dots surface and the price action changes course. It suggests a short-term trend reversal, but the overall trend will remain bullish or bearish.

What is a perfect trend line?
The Perfect Trendline is an MT4 indicator that helps determine the trend’s direction. Forex traders can use these dots and trendlines for BUY and SELL signals.

Conclusion
The Perfect Trendline Indicator presents BUY and SELL signals with the help of trendlines and dots. The indicator gives exact Buy and Sell signals. In addition, the indicator is free to download, which makes it easily accessible for all forex traders.