Trend Lord Indicator
Trend Lord is a free technical tool for quickly determining the market trend.
Description
The name speaks for itself. This indicator is the leading trend-following technical tool with a moving average-like demo process. It uses a 12-day smoothed moving average of closing price data for the period. It is an effective trading solution used by both experienced and new traders for scalping and intraday trading. Therefore, it is suitable for 5-minute, 15-minute, 30-minute and 1-hour timeframes. You can use the Trend Lord indicator in other financial markets besides the forex market.
The indicator reacts quickly to price changes and lags less than regular moving averages.
A bullish trend occurs when the price closes above the green indicator bars, and a bearish trend occurs when the price closes below the red indicator bars.
Trend Lord Trading Example
Buy Signal with Trend Lord
The indicator gives a buy signal when the indicator shows green bars in an upward direction.
Sell Signal
Open a short position when the indicator shows red bars in the downward direction. Indicator settings
Conclusion
This indicator is one of the best trend following indicators. And it’s simple. You only need to look at the color of the indicator strips. The red color means the trend is bearish and the green bar is in an uptrend.