No-repaint Forex Indicator For Finding And Following Trends In MetaTrader 4
$7.00
Easy to follow strategy. No need to over-complicate your charts.
The beauty of the TrendViper indicator is that it is simple to use but also very versatile. Many novice traders over-complicate their trading charts, sometimes viewing more than 5 indicators at once.
In these type of a set ups some indicators will send conflicting signals and the user may feel mentally exhausted after each trading session.
When it comes to financial markets a simple strategy is often considered to be much more effective.
Here is a brief look at a simple trading strategy that can be used with TrendViper.
1. Observe the two MA lines (fast MA and slow MA) and the histogram color change. When the fast MA (green line) crosses the slow MA (red line) it may be a potential trade. You will also receive a signal alert (arrow, popup, and email or push notification)
2. Confirm the signal with the Trend Power bar which represents the ADX level. Presence of at least one green bar indicates ADX level is above 25 and confirms the presence of a stronger trend.
3. Confirm the signal with the trend on upper time frames. If the trend on the upper time frame is the same, there is a greater probability that the trend will continue.
4. Finally, you can confirm the signal with the candle on upper time frames. If the candle shows the same direction of the trend, it might be a good time to enter.
How to fix MT5/MT4 high resolution scaling issues?
https://youtu.be/UBHiVe8xtR8
****Please note:
All Trading involves risk. Leveraged trading has large potential rewards, but also large potential risk. Be aware and accept this risk before trading. Never trade with money you cannot afford to lose. All forecasting is based on statistics derived from past performance of any trading methodology is no guarantee of future results.
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