The Skdon Trend Metatrader 4 forex indicator is a highly reliable buy/sell forex indicator that is preferred by professional traders.
The indicator is quite easy to use and friendly as well.
The indicator allows traders pick the market at the very beginning of a new trend and also allows you exit before the market turns at the bottom.
This will obviously make you more consistent profits in the currency market.
When Skdon Trend MT4 is correctly installed on your trading platform, it pops up like a Heiken Ashi bar and performs slightly like moving averages.
- A blue arrow on the chart represents a buy signal.
- A red arrow on the chart represents a sell signal.
The EUR/USD H1 chart below displays the Skdon Trend Metatrader 4 forex indicator in action.
Basic Trading Signals
Buy Signal: Go long when the Skdon Trend Metatrader 4 forex indicator displays a blue upward pointing arrow along with ensuing blue candle-like bodies.
Sell Signal: Go short when the Skdon Trend Metatrader 4 forex indicator displays a red downward pointing arrow along with ensuing red candle-like bodies.
Exit buy trade: Close all buy orders if while a bullish trend is ongoing, the Skdon Trend Indicator puts on display a red downward pointing arrow.
Exit sell trade: Close all sell orders if while a bearish trend is running, the Skdon Trend Indicator pops up a blue upward pointing arrow.
Tips: This technical indicator is perfect for day traders and swing traders. It offers massive cash spinning opportunities in trending markets. All you need to do is to follow the rules.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern indicator
Customization options: Variable (MaMetod, MaPeriod), width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the skdon-trend-indicator.ex4 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)