The Secret Trend Reversal Forex indicator for Metatrader 4 is a free cutting edge indicator that’s used by many successful currency traders.
For better usability, the Secret Trend Reversal Forex Indicator offers tweakable inputs variable values, and thanks to this, users can better understand price information.
With this indicator, you are rest assured of a refined market analysis in an ADX, MACD and momentum indicator technical analysis look-alike fashion.
Once the indicator is loaded on your Metatrader 4 platform, you can set varying colors, width and style, from its default settings found within its window.
Furthermore, traders can chose between setting the MACD features over those of the ADX and momentum indicators or vice versa.
Buy and sell trends from the Secret Trend Reversal Forex indicator when:
- Dodger blue signals balls pops up within the Secret Trend Reversal Forex Indicator window for a buy trend.
- Crimson signal balls pops up within the Secret Trend Reversal Forex Indicator window for a sell trend.
Tip: In most cases, deploying a Bollinger Bands indicator with its The Secret Trend Reversal Forex counterpart creates an extremely profitable system.
In this case:
- A buy trend takes place when the Bollinger Bands widens with price closing above the middle band, while the Secret Trend Reversal Forex Indicator displays dodger blue signal balls.
- A sell trend takes place when the Bollinger Bands widens with price closing below the middle band, while the Secret Trend Reversal Forex Indicator pops up crimson signal balls.
You can take advantage of your knowledge and risk appetite to tryout different indicators set-ups and settings, in a bid to knowing which one matches your trading style.
Download This MT4 Forex Indicator Free
Download the “#TheSecret TR.ex4” Metatrader 4 indicator
The Secret Trend Reversal Forex Indicator Chart
Below is an example of how the indicator should appear when added onto the Metatrader 4 chart.
Traders are free to adopt this indicator on a wide-range of currency pairs and time frames of their preference.
Finding Buy and Sell Triggers With The Secret Trend Reversal Forex Indicator
Below is an example of how to buy and sell forex pairs with this technical indicator:
Buy Trigger: Open buy trade order when the indicator pops up a dodger blue signal ball within its window.
Place stop loss below most recent pullback and consolidation level, or use your own stop loss placement method.
Close the buy trade for a reward to risk 2.0:1 ratio or better, or use your own preferred take profit method.
Alternatively, close the buy trade for a fixed take profit target of 80 pips on the 4-Hour chart or for example, 12 pips on the 1-minute scalper chart.
Sell Trigger: Open sell trade order when the indicator pops up a crimson signal ball within its window.
Place stop loss above most recent pullback and consolidation level, or use your own stop loss placement method.
Close the sell trade for a reward to risk 2.0:1 ratio or better, or use your own preferred take profit method.
Alternatively, close the sell trade for a fixed take profit target of 60 pips on the 1-Hour chart or for example, 20 pips on the 5-minute day trading chart.
Download This Forex Indicator Now
Download the “#TheSecret TR.ex4” MT4 indicator
Adjustable Parameters
ADX period, MOM period, MCD fast EMA, MACD slow EMA, MACD signal period, Max Bars On Graph
Usage
The indicator can be used as a stand-alone signals indicator.
It can also be combined with:
- Trading oscillators (Commodity Channel Index, Stochastic, RSI,…)
- Trend indicators (Parabolic SAR, 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
Installation
Copy and paste the indicator in the MT4 indicators data folder (click on ‘File > Open Data Folder’).
Right click within the MT4 terminal Navigator window to refresh or restart the terminal and add the indicator to any chart.
