Easy Trend Visualizer Indicator
MT5Also Available for MT4The Easy Trend Visualizer for MT5 is a free forex trading tool that displays the directional bias of a trend and signals the beginning/end of that trend.
Description
The Easy Trend Visualizer Indicator is a dynamic forex trading tool that provides a visual representation of different trend conditions. It’s built with 3 Average Directional Index (ADX) and comes with arrows and horizontal bars that signal the trend direction and the beginning/end of the trend.
The indicator’s arrows signal the potential beginning of a new trend, which also doubles as buy/sell signals. Conversely, the horizontal bars signal the potential end of the trend.
Essentially, it guides you on when to open and exit a trade position. This makes it useful to novice, intermediate, and advanced forex traders.
How to Trade With the Easy Trend Visualizer Indicator
The image above shows how the Easy Trend Visualizer works on an AUDCHF currency pair. It also demonstrates how you can combine the indicator’s signal with price action for better efficiency.
In the image, the buy signal was a high-probability setup because the price was already poised to move to the upside. Furthermore, the sell setup was also tenable because of the double tops and the bearish engulfing candlestick pattern at the entry zone.
Conclusion
The Easy Trend Visualizer indicator for MT5 is a great technical tool that would come in handy for scalpers, day/intraday, and swing traders in making sound trading decisions. It’s also free to download.
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