This indicator is very simple and will tell you when a new trend begins and the old one ends. Simply place the indicator on the chart and wait for the pointer to change its color.
- If it is changed from red to green - an uptrend started.
- If it is changed from green to red - a downtrend started.
Important note: try to open the trade as quickly as possible after the arrow changes color. After that everything is up to you, whether you choose a fixed stop loss or exit the trade when the indicator color changes.