The FQ Trend Histogram Signal Forex indicator delivers awesome trend trading buy and sell signals for any pair and time frame.
This histogram buy/sell trend Metatrader 4 indicator works for every trader, even for absolute beginners.
It’s trade logic is utterly simple to understand and works as follows:
- A rising market occurs when the FQ Trend Histogram Signal indicator draws blue bars underneath the main trading window.
- A falling market occurs when the FQ Trend Histogram Signal indicator draws pink bars underneath the main trading window.
Use the FQ Trend Histogram Signal Forex indicator for scalping, day trading and swing trading purposes.
Feel free to experiment with the indicator’s different parameters and settings to suit your preferences.
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FQ Trend Histogram Signal Forex Indicator Chart
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
You can apply the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Triggers With FQ Trend Histogram Signal Technical Analysis Chart Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Open buy trade when the FQ Trend Histogram Signal indicator paints its first blue bar on the chart.
Place stop loss 2-3 pips below previous swing support low, or use your own stop loss placement method.
Close the buy trade for a reward to risk 1.8:1 ratio or better, or use your own favorite take profit method.
Alternatively, close the FQ Trend Histogram buy trade for a fixed take profit target, for example, 20 pips on the 1-minute scalper chart.
Sell Trigger: Open sell trade when the FQ Trend Histogram Signal indicator paints its first pink bar on the MT4 trading chart.
Place stop loss 2-3 pips above previous swing resistance high, or use your own stop loss placement method.
Close the sell trade for a reward to risk 1.8:1 ratio or better, or use your own favorite take profit method.
Alternatively, close the FQ Trend Histogram sell trade for a fixed take profit target, for example, 110 pips on the 4-hour swing trading chart.
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Period, bars to analyze, colors, width, style.
The indicator can be used as a stand-alone signals indicator.
It can also be combined with:
- Trading oscillators (MACD, Stochastic, RSI,…)
- Trend indicators (Moving Average, Bollinger Bands, ADMI,…)
- Price action methods and techniques
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.