Trend Direction Force Index Indicator
Trend Direction Force Index indicator for mt4 – download free. Best trend reversal indicator. Trend following indicator.
This technical indicator stands on a separate chart where it oscillates between a positive (1) and negative (-1) zone. It tilts towards the positive zone in a bullish trend and the negative zone in a bearish trend. Conversely, a price within the 0.00 center level is considered a sideways market.
Furthermore, the Trend Direction Force Index indicator is recommended for both novice and experienced forex traders. What’s more, it is also a great tool for scalping, day/intraday, and swing trading.
The indicator is recommended to be used along with price action/other technical indicators for better efficiency. The H4 time frame is best suited for day/intraday trading, while time frames from the H4 and above are recommended for swing trading.
How to Trade With Trend Direction Force Index Indicator
The above screenshot depicts how the indicator would look on your MT4 chart. It also illustrates how to identify a high probability setup.
BUY Setup: Firstly, wait for the indicator’s line to cross above the 0-level to the upside. You may then open a BUY/LONG position in sync with price action (e.g. bullish engulfing).
SELL Setup: Firstly, wait for the indicator’s line to cross below the 0-level to the downside. You may then open a SELL/SHORT position in sync with price action (e.g. bearish engulfing).
Conclusion
The Trend Direction Force Index indicator is the best tool to identify ranging markets, short-term trends, and trend breakouts. Finally, it is free to download.