Follow Trend Indicator for MT5

The Follow Trend indicator for MetaTrader 5 is a trading system that closely monitors the price of any traded asset. The indicator can be useful for detecting trend reversals, continuation. This technical indicator is built on an algorithm that tracks recent market sentiment generated by previous candlesticks. The results of the tracked data are visually represented on the chart by blue and red lines. A bullish trend is indicated when the price is above the blue line, and a bearish trend is indicated when the price is below the red line. In addition to the red and blue lines, the indicator also has a red and blue dot, which serve of the bullish/bearish movement. In addition, the indicator is suitable for both beginners and experienced traders. It also works great with various trading methods such, day trading and swing trading. Follow the signals of the BUY/SELL indicator The above screenshot shows how the Follow Trend indicator will look on your MT5 chart. The indicator is recommended to be used in sync with price action for more effective entries. BUY Setup: First make sure the price is above the blue line, and then wait for the blue dot to confirm the established trend. Under these conditions, you can enter a BUY/LONG position following a price movement, such bullish engulfing candlestick pattern. SELL Setup: First, make sure the price is below the red line and the red dot is also visible. Under these conditions, you can enter a SELL/SHORT position after price action, such bearish engulfing candlestick pattern. Conclusion The Follow Trend Indicator for MT5 is a technical tool that you may want to add to your chart. It looks simple, but is powerful enough to increase your winnings over time. Moreover, it can be downloaded for free.