Silver Trend Signal Forex Indicator MT4

Silver Trend Signal Forex Indicator MT4

Silver Trend Signal Indicator BUY/SELL Signals
The above screenshot depicts how the indicator would look on your MT4 dashboard. The indicator has a ‘target-like’ symbol for BUY/SELL signals. They are painted in LIME and RED to depict bullish and bearish reversals.

BUY Signal: Firstly, ensure that the trend is bullish. Wait for the indicator to paint a bullish reversal signal (colored in LIME) before opening a BUY/LONG position.

SELL Signal: Similarly, ensure that the trend is bearish. Wait for the indicator to paint a bearish reversal signal (colored in RED) before opening a SELL/SHORT position.

Note that the indicator may be susceptible to false signals due to some underlying market conditions. To this end, taking signals in sync with price action and other technical indicators is best and more rewarding ONLY.

For instance, the above SELL entries were valid because the price printed bearish engulfing candlestick patterns to validate the SELL signals.

Conclusion
The Silver Trend Signal indicator for MT4 is the best indicator for identifying the reversal zone of a trend. Finally, the indicator is free to download.