Power Trend MT4 Forex Indicator

Power Trend MT4 Forex Indicator

Power Trend Indicator For MT4 Trading Method
The color of the histogram provides visual information about the trend strength in four different colors. If the histogram is in BLACK, it shows a weak trend or absence of a trend denoting the period to avoid new trades. The RED color in the histogram shows that a new trend is starting to emerge. Additionally, if the trend is moderate, the histogram changes its color to BLUE. Finally, the GREEN color histogram indicates the presence of a strong trend.

The forex trader exits the trade once the histogram color changes to BLACK, indicating a weak trend or the histogram changes to a RED color, indicating a new trend.

The histogram colors make it visually easy for new traders to identify the trend and maturity level. This enables new forex traders to ride the trend wave till its end. Experienced forex traders identify the various trend strength levels and plan advanced trade strategies.

Traders plan to add more positions to existing positions once the trend changes from moderate to strong as the color of the histogram changes from BLUE to GREEN. Additionally, the Power Trend indicator is free to download.

Conclusion
The Power Trend Indicator for Metatrader can indicate trends and visually display the various trend stages to the forex trader. As a result, with its ability to display different trend strengths, this free-to-download amazing indicator will form an essential tool in the trend trader’s arsenal.