Half Trend Buy Sell Indicator for MT4/MT5

This indicator helps find higher probability entry & exit levels. The main idea is to combine price action with oscillators in order to get more precise entry/exit levels, determine the strength of a trend or even turn an existing market into strong trend.

Half Trend Indicator Potential Setups and Usage

Use it for any symbol/time-frame combination (you can see examples on different charts)

You can use both shorter timeframes (5 min) and longer timeframes (1h). Just take what you need based on your timeframe settings. For example if you’re trading 3 min chart then just copy 5 min version of this indicator.

It’s possible to trade only with the faster timeframe Draw a Trend but there will be always some movement which can be traded on other timeframes as well.

You can easily change the indicator colors using the input parameters. Colors_Trend and Colors_Signal . The names should explain themselves what do they exactly represent.

How to Install Half Trend Indicator

Here is the code of the indicator with some example charts:

Inputs :

1. Background color in signal/trend mode (default = light gray)
2. Primary background color in trend mode (default = white)  ( uses white by default, so if you’re not sure just leave it this way )
3. Secondary background color in signal/trend mode (default = yellow-green)  ( uses grey by default so if you’re not sure.

The majority of the traders are using only the price bars to make decisions about buy & sell orders. This can lead to mistake conclusions due to the presence of important information in the indicator. Here is an example of trend trading without indicators on different time frames:

1. 1m
2. 5m
3. 15m
4. 30m… etc.

The Bollinger Bands show less volatility on 15 min chart which is also reflected by RSI, however this doesn’t mean that there will be a trade just because it may be trending on lower time frame. Price often retraces more than 50% back while moving up or down leaving enough room Trend Reversal Indicator for stop loss just behind the next support/resistance level. It’s better use all available information instead of just one.

Download Half Trend Buy Sell Indicator for MT4 Free

The idea is to combine price action with indicator in order to get more precise entry/exit levels, determine the strength of a trend or even turn an existing market into strong trend.

For example you have just bought 1 lot of EURUSD on 5 min chart, 5 min later there was a deep retracement and now it’s going back up, instead of getting out based on your OHLC average you could wait for the price action to show a strong breakout above multiple EMAs giving you better chances to hold for a bigger move.

One way to trade without indicators is pure price action . If you can read charts well then here is something that will help you improve results.

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