Trend Continuation Factor Indicator

Trend Continuation Factor Indicator

Forex market trend continuation, from the best Trend Continuation Factor Indicator for MT4. Find the direction of the trend.
The Trend Continuation Factor Indicator is an MT4 indicator that applies Moving Averages to plot two lines on the chart. These lines are TCF1 and TCF2.

The TCF1 has a shorter period, while the TCF2 has a longer period. The crossovers between the two lines tell the trend’s direction. The indicator is similar to Moving Average crossovers.

Although you can use this indicator on any timeframe, it’s better to apply it on a longer timeframe, as the indicator is prone to false signals.

How to use the Trend Continuation Factor Indicator for MT4?

The above USDJPY H4 chart shows the Trend Continuation Factor Indicator BUY/SELL signals.

To look for the signals, you have to locate TCF1 and TCF2. The TCF1 (green) represents the shorter line, while the TCF2 (red) is the long line.

When TCF1 goes above TCF2, you can enter long positions. Conversely, when TCF2 goes above TCF1, you can go short. One thing to note is the indicator can produce false signals.

For instance, even if the TCF1 goes above the TCF2, the price isn’t moving up. So, you can either wait for the price to continue in your direction or use other indicators to confirm the signals.

Conclusion
The Trend Continuation Factor Indicator shows crossovers between the two signal lines. When the crossovers occur, you can enter the trade.

You can also download the Trend Continuation Factor for free on our website if you want to try it.