Taotra Indicator

Taotra Indicator
Tired of backdated trend indicators? Try the advanced Taotra MT4 indicator for the best trend trading results. Supports forex, stocks & crypto trading. Suits MTF charts

Determining the correct market trend is one of the biggest challenges for day and intraday traders. Random price volatility and uncertain market sentiments often distract traders while assessing trend conditions.

The Taotra indicator comes with a set of Linear Weighted Moving Averages (LWMA) for identifying crossover-based trend signals. This indicator applies 20 individual moving averages with different parameters for plotting crossovers. Besides, its MAs create a colored cloud around the chart that works as dynamic support/resistance levels. As a result, while using Taotra, you’ll hardly need to add supporting tools like horizontal S/R, Fibonacci, or Pivots.

Its color combination of moving averages makes the crossover more visible to beginners who struggle to read the trend signals properly. Moreover, you can apply it alongside your existing MT4 trading strategy or system to enhance your decision-making quality.

Taotra indicator works in all MT4 timeframes and supports MTF chart analysis. Besides forex, it also suits stocks and cryptocurrency trading.

How to determine forex and stock trend signals by using Taotra indicator in MT4

Taotra indicator comprises three types of linear weighted moving averages. The fast MA (green) intersects with slow MA (red), generating crossover trend signals. On the other hand, the mid MA works as a dynamic trend line. Price’s intention to remain above or below the trend line gives you an advanced idea about the possible direction of the upcoming market trend.

The green-colored MA is flying above the red MA signals a bullish crossover. During an uptrend, go for buy entries when the price pulls back to the mid-MA levels and respects the area as support. Place the stop-loss limit below the red cloud while holding a buy position. Also, consider a buy exit whenever the green cloud drops below the mid-MA level.

For sell orders, ensure the green cloud falls below the red cloud plotting a bearish crossover. The price treats the moving average levels as resistance during a downtrend market. A solid bearish candlestick pattern that forms right below the dynamic resistance level is ideal for going short. Consider holding your position after activating a sell order until the fast-MA moves above the mid-MA. You may trail your stop-loss limit following the slow-MA positions once the price starts heading towards your target.

Conclusion
Taotra is one of the best moving average-based trend indicators ever developed for MT4 platforms regarding signal accuracy and consistency. Beginner-level traders looking for easy-to-use and clear trend indicators may find it extremely useful. Besides, advanced traders may add it to their existing trading strategy for improving trading accuracy. Moreover, Taotra is easily customizable, offering multiple options for applying moving averages on your Metatrader chart.