The Demark Trend Line Price Action Indicator for MT4 is strong in analyzing and finding the best entry points based on trend line price action.
Signals from this indicator are easy to understand for beginners and seasoned traders alike.
This indicator can be applied to all pairs and time frames of your preference without exception.
It’s an excellent choice if you like to trade trend line breakouts without lagging signals.
- A price breakout above the upper red resistance trend line represents a no lag buy trade entry point.
- A price breakout below the lower green support trend line represents a no lag sell trade entry point.
- The indicator finds the best entry points based on trend line breakouts.
- No lag, pure price action Forex trading.
Feel free to explore the Demark Trend Line Price Action indicator’s different parameters and settings to create your own personalized indicator setup.
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Indicator Example Chart (EUR/USD 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 Demark Trend Line Price Action Indicator MT4 Indicator
Buy Signal: Execute a buy trade when the red arrow appears on the chart. Price closed above the resistance trend line (see chart above).
Place stop loss below the previous swing low level, or use your own favorite SL method.
Exit the buy trade for a reward/risk ratio of 1.5 or better, or use your own favorite take profit method.
Alternatively, utilize a fixed profit target to exit the buy position.
Sell Signal: Execute a sell trade when the green arrow appears on the chart. Price closed below the support trend line.
Place stop loss above the previous swing high level, or use your own favorite SL method.
Exit the sell trade for a reward/risk ratio of 1.5 or better, or use your own favorite take profit method.
Alternatively, utilize a fixed profit target to exit the sell position.
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Show bars, back step, start bar, channel line, show arrows, trend, show alerts, email alert, colors, width, style.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: trend line signals
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.