The DFX Major Trend Metatrader 4 indicator is a trend indicator that reveals the direction of any currency pair with the help of colored blue/red bars.
The indicator opens up in a sub-window in the form of vertical blue and red colored bars once activated.
The signals generated by the DFX Major Trend indicator are quite easy to understand and laid-back to follow.
- The indicator works in a very simple manner, as blue vertical bars reflects upward price conditions, while red vertical bars are indicative of downward price conditions.
- Generally speaking, the indicator can be utilized as a standalone indicator or can be put together with other technical indicators to create a profitable trading strategy.
- Modifying the inputs settings can be carried out directly from the inputs tab, and this can have a positive impact on its use on variety of trading styles like scalping, swing and day trading.
Feel free to explore the DFX Major Trend Forex indicator’s different parameters and settings to create your own personalized indicator setup.
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DFX Major Trend Forex Indicator Chart (CAD/JPY H1 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 DFX Major Trend MT4 Indicator
Buy Signal: Go long when the DFX Major Trend MT4 indicator prints blue vertical bars within the indicator’s sub-window.
When the Moving Average of Oscillator indicator aligns silver histograms above its zero-horizontal level, it is a buy signal confirmation.
Sell Signal: Go short when the DFX Major Trend MT4 indicator prints red vertical bars within the indicator’s sub-window.
When the Moving Average of Oscillator indicator aligns silver histograms below its zero-horizontal level, it is a sell signal confirmation.
Exit buy trade: Close all buy orders if while a bullish trend is running, the DFX Major Trend indicator prints a red vertical bar within the indicator window. Else, the Moving Average of Oscillator indicator prints a silver histogram below the zero-horizontal level.
Exit sell trade: Close all sell orders if while a bearish trend is on course, the DFX Major Trend indicator prints a blue vertical bar within the indicator window. Else, the Moving Average of Oscillator indicator prints a silver histogram above the zero-horizontal level.
Tips: The DFX Major Trend MT4 indicator is an incredible technical tool that aid traders determine when to get into the market.
The ability to accurately time market entries is key for profitable trading in today’s financial world.
Therefore, the DFX Major Trend indicator is a convenient tool for managing profitable positions in the Forex market.
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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
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.