The Snake Border Forex trend system Metatrader 4 indicator is an amazing system that has the potential to enhance your daily market gains dramatically.
The Snake Border MT4 indicator is quite simple to understand and it displays in a user-friendly manner on the activity chart.
Traders can now stay with a trend until it extinguishes while using this indicator.
Moreover, traders can also receive early warning signs of trend reversals when using the Snake Border trend system Forex indicator.
- Just to get a clearer picture of how the market is fairing, pay more attention to the dual Snake Border indicator bar colors on display.
- Generally speaking, the indicator tends to display an olive bar on the lower end of the powder-blue bars to illustrate bullish market sentiments.
- When the olive filled bars sits on top of the powder-blue bars, it is indicative of a bearish market sentiment.
- The length of the colored bars indicates the strength of the trend. The longer the olive bars, the stronger the bullish trend, while the longer the powder-blue bar, the stronger the bearish trend.
Feel free to explore the Snake Borders Forex indicator’s different parameters and settings to create your own personalized indicator setup.
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Snake Border Trend System Forex Indicator Chart (EUR/JPY M5 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 Snake Border Trend System Forex Indicator
Buy Signal: Go long when the olive bar forms beneath the powder-blue bar and the MACD MT4 indicator prints silver histograms above the zero-horizontal level.
Sell Signal: Go short when the olive bar forms above the powder-blue bar and the MACD MT4 indicator prints silver histograms below the zero-horizontal level.
Exit buy trade: Close all buy orders if while a bullish trend is running, the Snake Borders MT4 indicator prints an olive bar on top of the powder-blue bar, while MACD pops up a silver histogram below the zero level.
Exit sell trade: Close all sell orders if while a bearish trend is ongoing, the Snake Borders indicator prints an olive bar beneath the powder-blue bar, while MACD pops up a silver histogram above the zero level.
Tips: Trade the Snake Borders indicator alongside other technical indicators and get more yields, thereby placing traders on a better trade footing, which is why we added the MACD indicator to its setup rules.
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Max period, min period, show max period, show hist max period, show hist min period, show signal.
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 trading
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.