R Silver Trend

The R Silver Trend indicator is a trend following trading indicator that displays the current trend directly on the activity Metatrader 4 chart.

It draws two types of candlesticks:

  • Blue ones for bullish price action.
  • Red ones for bearish price action.

Trading the R Silver Trend indicator is pretty simple, even for absolute beginners, and it can be used for scalping (M1, M5), day trading (M5, M15, M30) and swing trading (H1, H4, D1) currencies.

Basic Trading Signals

Signals from the R Silver Trend indicator are easy to interpret and goes as follows:

Buy Signal: Open buy position when the indicator draws a blue colored candlestick on the chart.

Sell Signal: Open sell position when the indicator draws a red colored candlestick on the chart.

Trade Exit: Close the open trade when an opposite signal occurs, or use your own method of trade exit.

Tip

In order to trade a buy on dips and sell on rallies forex strategy with the R Silver Trend indicator, add a longer-term trend following indicator to the chart and only take positions in the direction of the longer trend.

MT4 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: chart pattern

Customization options: Variable (risk, SSP, CountBars) Colors, width & Style.

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: Trend

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Indicators
Master the Market Open with the Ultimate Opening Range Breakout (ORB) Indicator for MT4! The Opening Range Breakout (ORB) is one of the most powerful and time-tested day trading strategies used by professional traders worldwide. This indicator completely automates the process of identifying, mapping, and tracking the opening ranges for the three major forex sessions (Asian, London, and New York), giving you a massive edge in catching explosive daily moves. For Free EA ORB Download Here: https://
Harmonic Pattern Plus MT4
Young Ho Seo
4.44 (18)
Indicators
Introduction Harmonic Patterns are best used to predict potential turning point. Traditionally, Harmonic Pattern was identified manually connecting peaks and troughs points in the chart. Manual harmonic pattern detection is painfully tedious and not suitable for everyone. You are often exposed under subjective pattern identification with manual pattern detection. To avoid these limitations, Harmonic Pattern Plus was designed to automate your harmonic pattern detection process. The functionality
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