Multi Trend Signal Indicator uses a combination of nine indicators to calculate and give signals. The Multi Trend Signal Indicator mainly tells of the trends of the currency pair that you are currently trading using the nine different indicators and in various timeframes. The indicators used by the Multi Trend Signal Indicator are ADX, MOM, SAR, MA, RSI, CCI, SAR, osMA, and WPR.
Multi Trend Signal Indicator displays the trend of the market price of the currency pair for you at the bottom left side of the main trading chart. It indicates the trend that is there in all the timeframes available (M1, M5, M15, M30, H1, H4, D1, WI and MN1). Therefore, you don’t have to peruse through the different timeframes that there is for you to determine the general trend of the market prices.
The trend is indicated using arrows. The arrows are either red facing down or blue and facing up. They are placed at an angle of negative forty five or positive forty five. There is a trend for every time frame given by every indicator that is used. Then there is a conclusive trend that is given for the M15, M30, H1, H4 and D1 as a result of analyzing the various trends given by the different indicators. This goes to show that as a trader, you don’t have to sit and start doing calculations and scratching your head trying to reason out what is the probable trend.
The Multi Trend Signal Indicator, is a very precise indicator especially for the traders who depend on the market trends to trade. The trend that this indicators gives is absolutely true and once used for trading, will without a doubt result to a tremendous win for all the trades placed.
How to use the Multi Trend Signal Indicator to place orders
Before placing any trades you should ensure that the general trend (the one that is given on the right of the other trends at the bottom) that is given for every timeframe is the same. That is, the trend is the same for all the timeframes. The traders also has to remember that while using this indicator, you will have a very high winning probability. Nevertheless, you will have to be very disciplined and only place trades when the indicator says it’s time to place the trades.
For the trends that are given by the different indicator the trend don’t have to be the same in all the timeframes. But it should be the same for up to the next timeframe above the timeframe that you ae using.
Placing a sell: you are to place a sell trade when all the nine indicators point in the downward direction (give the same trend) for the given timeframe. Also you have to confirm this by looking at the general trend that is given.
After placing the trade, you should when all the nine indicators point in the opposite (upward) direction for the same timeframe.
Placing a buy order: you are to place a sell trade when all the nine indicators point in the upward direction (give the same trend) for the given timeframe. Also you have to confirm this by looking at the general trend that is given.
After placing the trade, you should when all the nine indicators point in the opposite (downward) direction for the same timeframe.
Multi-Trend-Signal-Indicator . rar
Source : forexobroker.com
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