![]() ![]() This means that traders should sell the currency pair immediately so they make lock in the highest possible profit. Conversely, Point 9 is the signal of the end of the previous up tendency. Download the Trend Channels.rar archive at the bottom of this post, unpack it, then copy and paste the Trend Channels.ex4 or Trend Channels.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform. Similarly, Point 8 is a signal of a long and towering uptrend that could generate an enormous profit. Thereby, it means that the MT5 indicator alerts traders of the potential benefits they could make if they enter the market immediately. However, Points 2,4, and 6 are signals of the start of an uptrend, a short one in this example. So, starting with Points 1,3,5, and 7, those points are signals of a trend reversal, they represent exit points, which means that traders should sell immediately the Forex currency pair to avoid losses. Hence, the indicator detects several of trade entries and exit trades points. As the chart displays, the asset is so volatile. In the following example, we’re going to analyze the EURUSD H4 on the MetaTrader platform using the MT5 Indicator. In fact, it works on every asset and time frame available. ![]() Trender Indicator for MT5 is one of the most used trend-following indicators in Metatrader 5. ![]()
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