HLC Trend Indicator
Trade within accurate market trends using the best trend-following buy-sell signal HLC Trend indicator for MT5. Points to bullish/bearish trend on forex & stocks charts.
Description
HLC Trend is a MA trend cross signal indicator that works on MTF charts and is suitable for all MT5 trading strategies.
The HLC trend indicator is a great indicator for both beginners and experts as it is relatively easy to use. Because you need to watch for line crossings, there isn’t much interpretation required. Secondly, you can use it to trade any currency pair and any trading session of your choice.
Moreover, this indicator can also be used in combination with other technical tools. For example, you can combine it with overbought/oversold indicators to deal with situations when you enter the market to make sure your trades are placed in the correct direction of the trend.
This detailed trading guide explains how to trade like a pro using the indicator for MT5.
How the HLC Trend indicator helps you determine precise buy-sell signals in MT5
The HLC Trend indicator uses crossovers between fast and slow MA to confirm a market trend. The white line (fast MA) moves above the blue line (slow MA), indicating a bullish crossover. Conversely, a fast moving average falling below a slow moving average signals a bearish crossover.
We recommend that you combine price action with HLC trend signals to make more accurate trading decisions. As in the hourly EUR/USD chart above, we placed a sell entry after the indicator showed a bearish crossover and the price simultaneously dropped below the recent market low.
Conclusion
HLC Trend uses a fairly simple technique to showcase the current market shift. This makes it easy for beginners to identify the right market momentum to assess profitable trading opportunities. In addition, experienced traders can also use it to filter buy/sell signals and improve the efficiency of your Forex and stock trading.