The Precision Trend buy/sell histogram forex MT4 indicator follows the most profitable trend and provides traders with easy to read buy and sell signals.
Many forex traders like this indicator!
The signals are displayed in an histogram below the main trading window.
Green bars for bullish trends and red bars for bearish trends.
This indicator can be used for scalping, day trading, swing trading and position trading on any currency pair.
The USD/JPY M30 chart below displays the Precision Trend forex indicator in action.
Basic Trading Signals
Precision Trend trading signals are simple to interpret and goes a follows:
Buy Trade: Buy at the first green bar (bullish trend)
Sell Trade: Sell at the first red bar (bearish trend)
Exit trade at an opposite signal or use your own preferred method of trade exit.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern indicator
Customization options: Variable (Average period, Sensitivity) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Trend following
Copy and paste the precision_trend_histo_2.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)