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Based on ADX and pivot levels, the MT4 indicator Ultimate Trend indications V2 generates BUY and SELL arrow indications. The indicator also shows independent price charts’ trend direction, strength, and trade advice.
Additionally, it displays the final trade recommendation—to buy or sell—as arrow signs on the chart. Forex traders can therefore follow the trading indications and BUY and SELL in accordance with them.
Both novice and experienced forex traders can benefit from the indicator. The BUY and SELL arrow trading signals are very helpful for novice forex traders.
The trend direction, trend strength, and other technical indicators can, nevertheless, be used by experienced forex traders. Therefore, experienced traders are able to use arrow indications and execute trades automatically utilizing trading automation software. The indicator is also free to download and simple to install.
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Ultimate Trend Signals V2 Indicator For MT4 Trading Signals
The Ultimate Trend Signals V2 indicator can be seen in action on the GBPUSD H4 price chart above. Additionally, the indicator displays trading signals for bullish arrows in BLUE and bearish arrows in RED. Additionally, it shows on the price charts the daily pivot value and the daily open price.
When the indicator displays a BLUE arrow signal on the price chart, a BULLISH price trend is about to start. With a stop loss below the previous swing low, forex traders can now open a BUY position. The ideal take profit level is also at the opposing trading signal.
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 | No Minimum Deposit ECN Acount No Commission | |
 | Min Deposit of 20$ |
In a similar vein, the indicator’s RED signal signals the beginning of a BEARISH market. Thus, forex traders are able to execute a SELL trade. The ideal stop loss is either at the opposing trading signal or above the most recent swing high. In a similar vein, the opposing signal is the ideal place to book profits.
The trend strength and direction of different time frames are shown by the indicator, and forex traders can utilize that knowledge to exit. Therefore, chart traders can plan their exit strategy if the strength diminishes at a lower time period.
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