TSV Bullish Bearish Indicator

TSV Bullish Bearish Indicator

TSV Bullish Bearish Indicator For MT4 is best trend follower providing buy and sell forex trading signals. Efficient tool for forex trend traders

The TSV Bullish Bearish indicator for MT4 provides forex trading signals by comparing the averages of a given period. It provides a colored histogram bar and helps forex traders to understand, identify and follow the current market trend.

The indicator is a simple histogram and is easy for new and advanced forex traders. Additionally, traders can incorporate this indicator into automated trading strategies for trend detection and identification. Moreover, it works on all intraday chart time frames as well as the daily, weekly and monthly price charts.

TSV Bullish Bearish Indicator For MT4 Trading Signals

The indicator plots a blue and red histogram bars in a separate indicator window. Blue histogram bars indicate bullish market while the red ones are bearish. The trading strategy is to enter the markets based on the color change of histogram bars.

Traders should enter the market with a buy signal upon the appearance of a blue bullish histogram bar with a stop loss below the previous swing low. A good point to book profits will be at the appearance of opposite color histogram bar.

Similarly, traders should consider placing sell positions upon a red histogram using this strategy.

Another application of this indicator is to look for higher time frame trend direction to identify the best entry point in a lower time frame. This helps multi time frame (mtf) trading strategy helps forex traders to stay in the trend. As a result, the win ratio of the trader will increase substantially.

Conclusion
In summary, the TSV bullish and bearish indicator for MT4 is helpful for forex trend traders. Additionally, it acts as a filtering tool for technical analysis in confluence with other indicators.