Gioteen Norm Indicator
Gioteen Norm generates useful insights into the market trends. Helps anticipate price breakouts, swing levels & trade entry positions in MT4 trading platforms.
Description
The Gioteen Norm is a custom MT4 trend oscillator that closely monitors the changes in market bias and indicates upcoming trend directions. It also delivers divergence signals helping you to anticipate solid trend reversal conditions.
Assessing the trend conditions using the Gioteen Norm indicator is comparatively more accessible than most conventional trend oscillators. Its simple demonstration of market insights and straightforward trading rules make it a suitable technical analysis tool for novice traders.
According to our observation, Gioteen Norm is an ideal indicator for day and intraday trading of all types of financial assets, including forex currencies, stocks, commodities, ETFs, and cryptocurrencies. We’ve found it works perfectly well between the H1 and H4 timeframes of the MetaTrader 4 platform.
In this guide, we’ve explained how to spot highly probable trend reversals by using the Gioteen Norm indicator and transforming them into profitable trading opportunities.
How to determine trend reversals and buy-sell signals by using the Gioteen Norm indicator in MT4
Identifying the changes in market trends by applying the Gioteen Norm indicator is super easy. The signal curve in the first indicator window shows the real-time trend value of the price. The value turns positive when the trend becomes bullish and negative when the price movement switches to a bearish mode.
Furthermore, Guillotine Norm carries a good reputation for identifying critical price divergences. Such signals help you locate highly probable buy-sell opportunities in all market conditions. We consider a divergence setup when the price moves perfectly opposite to the indicator curve.
In the above example, when the price created a lower low, the Gioteen Norm closed in a higher low. According to price-action theory, it is a bullish divergence. As you can see, the price made a strong uptrend move following the divergence signal. Also, the indicator value remained above the zero level during the bullish rally signaling an uptrend market condition.
You might wonder where to exit during holding an entry and accept the profit/loss made from the trade so far. No worries, Guillotine Norm helps you out with trade-exits as well. For example, you can simply exit a buy order once the indicator value drops below zero or plot a bearish divergence. Alternatively, you may depend on traditional support/resistance tools or pivot points to set a trade exit zone.
Conclusion
Gioteen Norm is one of the best MT4 trend oscillators specially developed for beginner-level market speculators. It is good at smoothing out random market noise and helps you to concentrate on actual trend reversal situations in live markets. Moreover, you can always combine Gioteen Norm with trend-following indicators like exponential moving averages, Bollinger bands, and stochastic oscillators to build powerful trend-trading strategies.
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