Trend Percentage Indicator
The percentage trend indicator for MT5 is the best MT5 trend following indicator. Trend strength indicator for MT5. Free momentum trend indicator.
Description
The Trend Percentage Indicator for MetaTrader is an oscillator-based indicator that tracks and calculates the percentage change in bullish and bearish trends. In other words, the indicator shows the current percentage trend difference between bullish and bearish traders in the market.
The indicator does not generate BUY or SELL signals; it was designed to give you a clear view of the percentage change in the price of an asset. This information can then be used to merge your trade entries and exits.
The indicator is located in a separate window below the chart, which makes it convenient and easy to use. Recommended for beginners, intermediate and advanced forex traders. Moreover, it can also be used with different trading styles such as scalping, day/intraday and swing trading.
How To Trade With The Trend Percentage Indicator
The screenshot above shows how the indicator will look on your MT5 chart. Moreover, the indicator is recommended to be used together with other technical indicators for greater efficiency. The indicator has green and red lines that fluctuate depending on the market trend in a given interval.
The position of any of the indicator lines signals the dominant (bullish or bearish) market trend. For example, a green line above a red line indicates a bullish move. therefore, you may be looking for a BUY opportunity when the blue line is above the red line with a large margin gap.
The above principle also applies to determining a viable SALE opportunity. You can refer to the above screenshot for the best grapes.
Conclusion
The Trend Percentage Indicator For MT5 can potentially improve your win rates, especially when combined with technical analysis. Moreover, the indicator is Free to Download.
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