BT Trend Trigger Metatrader 4 Forex Indicator
The BT Trend Trigger Metatrader 4 indicator is designed to spot high probability bullish and bearish trends, thereby enabling traders to position themselves in a profit-seeking manner.
The BT indicator shares a lot of similarities with the Relative Vigor Index.
With this indicator, traders are able to stay profitable in the currency market most of the time.
While also considering its reactiveness to price movement, the BT Trend Trigger indicator is able to deliver high probability trade signals through the careful consideration of its lines crossing.
- In order to fully understand how the market works, pay keen attention to how the preconfigured gold and red lines break above/below the zero-horizontal level in relation to price, within the sub-window.
- As a matter of fact, just in case you’re long on your positions and the lines (gold and red) of the BT Trend Trigger indicator break below the 0.00 horizontal level, you should shift focus and reverse to short positions.
- Conversely, if a trader stays short on his orders and the lines (gold and red) of the BT Trend Trigger indicator surge above the zero-horizontal level, focus should be shifted in reversing to buy positions.
Feel free to explore the BT Trend Trigger indicator’s different parameters and settings to create your own personalized indicator setup.
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BT Trend Trigger Forex Indicator Chart (NZD/CAD M30 Chart Example)
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
Finding Buy and Sell Triggers With The BT Trend Trigger MT4 Indicator
Buy Signal: Go long when the red and gold lines of the BT Trend Trigger MT4 indicator break above the zero-horizontal level within the sub-window. Plus, when the blue line crosses below the lime and red lines of the Alligator indicator in a bottom up manner.
Sell Signal: Go short when the red and gold lines of the BT Trend Trigger MT4 indicator break below the zero-horizontal level within the sub-window. Plus, when the blue line crosses above the lime and red lines of the Alligator indicator in a top downward fashion.
Exit buy trade: Close all buy orders if while a bullish trend is running, the red line of the BT Trend Trigger indicator dips below the 0.00 horizontal level. Else, the lime line of the Alligator indicator intersects the red line.
Exit sell trade: Close all sell orders if while a bearish trend is ongoing, the red line of the BT Trend Trigger indicator surges above the 0.00 horizontal level. Else, the lime line of the Alligator indicator intersects the red line.
Tips: The BT Trend Trigger MT4 indicator offers a simplistic way for scalpers and day traders alike to examine price movements.
The central idea here is to ensure that traders are able to take advantage of the various opportunities that are present during the various trading sessions.
We added the Alligator indicator to add another layer of trade verification.
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TTF bars, t3 period, b, ppor, mpor, bar begin.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: Oscillator
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.