Trend by Angle Indicator

Trend by Angle Indicator

Trend by angle indicator for mt4 – download free. Support and resistance indicator for mt4. Free trend reversal mt4 indicator. Best channel indicator for MT4.

The Trend by Angle indicator for MetaTrader is a custom indicator for forex trading that draws multiple slopes with angle degrees. It essentially draws multiple trend lines of an angle that is in sync with the current trend of the market.

The idea is to help you identify trading opportunities within the confine of the indicator. It paints a dodger blue trend angle when the market is bullish and a red trend angle in a bearish market. This implies that the indicator, in a way, helps you to easily identify the trend bias of the market and the trade in that direction.

Furthermore, this technical indicator can be used for different trading styles like scalping, day/intraday, and swing trading. What’s more, it is recommended for novice, intermediate, and experienced traders.

How to Trade With Trend by Angle Indicator

The above screenshot depicts how the indicator would look on your MT4 chart. It also shows how to identify and trade high probability setup. Furthermore, the indicator may be used in synergy with price action/and or with other technical indicators for better efficiency.

BUY and SELL Signals: Firstly, wait for the indicator to paint a dodger blue trend angle on your chart, which suggests a potential bullish move. Now, wait for the price to form a channel within the indicator, and show wick rejection upon retest. You may then open a BUY/LONG position after the price also prints a bullish candle.

The above BUY principle is also applicable to identify a SELL setup and entry. Moreover, you may refer to the above screenshot to get a better grasp on how to trade with the indicator.

Conclusion
The Trend by Angle indicator for MT4 is well suited to help you define the trend of the market and trade along with the flow of the price. Finally, the indicator is free to download.