Yang Trader Indicator

Yang Trader Indicator

Yang Trader represents one of the best trend-following MT4 indicators especially created for beginners.

The Yang Trader Indicator for MT4 smoothes price movements and determines market trends on multi-timeframe charts.

This indicator has been specially designed for beginners in forex and stock trading who find it hard to asses correct price trend conditions while assessing a buy or sell opportunity.

Apart from identifying the market bias, you can also use this indicator to anticipate potential price breakout zones.

This guide explains how to apply the Yang Traders Indicator on MT4 to determine the correct trend conditions of the market.

How to Trade Forex and Stocks using the Yang Trader Indicator in MT4

The Yang Trader indicator applies a 34-period moving average to determine current market bias and possible conditions of a trend reversal.

A bullish or bearish market trend assessment depends on the price position compared to the Yang Trader indicator level. For instance, the price exceeding the signal level indicates a bullish market trend. Oppositely, the price turns lower than the indicator value, signaling a downtrend market.

We initially spotted a symmetrical triangle pattern in the above GBP/USD 4-hour chart. Once the price moves below the indicator level, it also breaks the triangle’s support line, plotting an ideal opportunity to go short following the bearish breakout.

Conclusion
It is essential for forex and stock traders to follow the established rules for entrance as outlined in this article rather than merely entering deals haphazardly. As you already know, the Yang Trader indicator only generates trend signals and doesn’t outline exact levels of buy-sell orders. So, you may need additional price-action indicators to confirm an entry. Although, Yang Traders moving average levels work as dynamic support/resistance levels in on-trend market conditions, enabling you to determine precise price pullback and breakout zones.