XTC Trend Indicator

XTC Trend Indicator

XTC Trend Indicator For MT4 is an oscillator that provides bullish and bearish forex trading signals using histogram bar color

The XTC trend indicator for MT4 is an oscillator with colored histogram bars which provide bullish and bearish trends. So, forex trend traders can buy and sell based on the histogram. This indicator is built upon multiple indicators that help identify the current trend direction and also provide trend reversals.

The indicator works well for new and advanced forex traders. Furthermore, the indicator performs well in all intraday price chart as well as the daily, weekly and monthly charts. This indicator is suitable for trend identification and can be incorporated in auto trading.

XTC Trend Indicator For MT4 Trading Signals

The indicator plots blue histogram above the zero line in a bullish market condition and red bar below the zero line in a bearish market condition. The trading strategy is based on the change of the histogram color.

If the histogram color changes to blue traders should consider buying the currency pair anticipating a bullish market move. Traders should place a stop loss below the previous swing low to secure this position.

Similarly, if the histogram bars change to red, traders should open a sell trade with a stop loss above the previous swing high. The indicator does not provide a profit target so traders should exit the position with a good RR – risk to reward ratio. Otherwise, traders should ride the trend and exit at an opposite trading signal.

Another trading strategy is to find a best entry point in the higher trend direction. This enhances the possibilities to stay in a higher trend direction and reduce the losses.

Conclusion
In summary, the XTC trend indicator for MT4 helps forex trend traders to easily identify the direction with a clutter free chart.