Trend indicators seem to be the most popular ones among the Forex traders. Indeed, Forex market is quite trendy and if a trader manages to catch this trend in its early stage and exit not long after the trend ends, considerable profit can be made. Today, a new free Forex indicator for trend detection was uploaded to my site. Its quite accurate and shows where the trend starts and also where it ends; the zone without a trend is marked with a straight horizontal line, which also serves as some kind of support and resistance level. This indicator is easy to use but you should be aware of the fact that its redrawing on the current bar and thus only completed bars can used as signals:
If you have any questions or interesting thoughts regarding this trend visualizing indicator for MetaTrader, please, feel free to reply using the form below.
