Multi Trend Signal forex Indicator uses a mix of nine forex indicators to calculate and give entry signals. The Multi Trend Signal forex Indicator mainly tells of the currency pair trends that you are currently trading using the nine different forex indicators and in various chart timeframes. The forex indicators used by the Multi Trend Signal forex Indicator are ADX, MOM, SAR, MA, CCI, RSI, SAR, Osma, and WPR.
Multi Trend Signal forex Indicator displays the trend of the forex market price of the mt4 currency pair for you at the chart bottom left side of the top trading chart. It indicates the trend in all the available timeframes (M1, M5, M30, M15, H1, H4, D1, MN1, and W1). Therefore, you don’t have to look through the mt4 different timeframes to determine the general trend of the market prices.
Fig.1. The trends are indicated in the bottom chart left corner. NOTE: the general trend.
The trend is indicated using color arrows. The arrows are either red color facing down or blue color facing up. They are put at an angle of negative forty-five or positive forty-five. There is a trend for every timeframe given by every indicator used. Then a conclusive trend is given for the M15, M30, H1, H4, and D1 as a result of analyzing the various trends provided by the different forex indicators. This goes to show that as a forex trader, you don’t have to sit and start doing many calculations and scratching your head trying to reason out what is the probable trend.
The Multi Trend Signal Indicator is very precise, especially for the traders who depend on the market trends to trade. The trend that this indicator gives is accurate and, once used for trading, will undoubtedly result in a tremendous win for all the chart trades placed.
How to use the Forex Multi Trend Signal Indicator to place orders
Before putting any trades, you should ensure that the general trend (the one given on the right of the other chart trends at the bottom) given for every mt4 timeframe is the same. That is, the market trend is the same for all the timeframes. The traders must also remember that you will have a very high winning probability while using this indicator. Nevertheless, you will have to be disciplined and only place trades when the indicator says it’s time to place them.
For the trends given by the different indicators, the trend doesn’t have to be the same in all the mt4 timeframes. But it should be the same like for up to the following timeframe above the timeframe you are using.
Placing a sell:
you are to establish a sell trade when all the nine forex indicators point in the downward direction (give the same market trend) for the given timeframe. Also, you must confirm this by looking at the general trend.
After placing the trade, you should see all nine indicators point in the opposite (upward) direction for the same timeframe.
Placing a buy order:
you are to establish a sell trade when all the nine forex indicators point in the upward direction (give the same market trend) for the given timeframe. Also, you must confirm this by looking at the general trend.
After placing the trade, you should see all nine indicators point in the opposite (downward) direction for the same timeframe.
Fig.2. Example of when to place a buy.
Multi Trend Signal Forex Indicator Free Download