The Simpler Trend forex indicator is trend following and can be used on any instrument in Metatrader 4. Green bars represent an up trend while red bars a down trend.
This indicator works best in trending markets and less in sideways markets.
Therefore look at the bigger picture first or combine the Simpler Trend MT4 indicator with other technical analysis indicators or funadamental analysis.
Instruments: Any MT4 instrument ( forex pairs, BitCoin, Metals, CFD’s,..)
Technical indicator type: Trend following
Time frames: Any
Trading sessions: Any
Trading platform: Metatrader 4
GBP/USD, M5 Chart Example
Basic Trading Signals From This Indicator
Buy signal: Open buy at green candlestick (bullish)
Sell signal: Open sell at red candlestick (bearish)
Configurable Indicator Options
Averarage period (30), Sensitivity (3.0), Alerts,…