OGT Trend DashBoard Indicator for MT5

The OGT Trend DashBoard Indicator for MT5 provides BULL or BEAR trend information and gives GREEN and RED signals. The trend information is based on the three different Moving Average – fast, medium and fast. So forex traders can use them in any technical trading strategy to BUY and SELL based on trending signals. The indicator shows information for many currencies and all timeframes at once. But you can only select the currency pairs and timeframes you want to track. Also on the right side of the board there is a button to quickly open a new chart. The indicator works well for beginners and experienced forex traders. It is available for free download and easy to install. OGT Trend DashBoard Indicator For MT5 Trading Setup The below GBPUSD H4 chart shows the OGT Trend DashBoard indicator for MT5 in action. Looking at the table, you can easily determine the trade of any currency pair on any timeframe. The best way to trade using this indicator is to place BUY or SELL positions based on indicator confluence. Traders can choose their preferred trading time frame first. If the low of several tafmfames of the same currency pair at once indicates a BULLBQ trade, then a BUY trade is placed with a stop loss below the previous low. On the other hand, if several currency pairs containing the same currency are signaling a bearish trend, then a SELL position with stops above the previous high will give the best results. Generally, the take profit position in this technical trading strategy is based on the risk/reward ratio. However, forex traders may exit if the trend changes from BULLISH to BEAR and vice versa. The next trading strategy is to trade using multiple timeframes (MTF). In this trading strategy, the forex trader can use the higher time frame to determine the direction of the trend. And use a lower time frame to identify the best low risk entry point. As a result, the forex trader tends to stay in the direction of the main trend. The Trend Dash Board Indicator for MT5 shows the trend on all timeframes. Thus, it works on all intraday timeframes, weekly and monthly charts. Conclusion The OGT Trend DashBoard Indicator for MT5 provides forex traders with a visual representation of the BULLISH or BEARish market trend across all chart timeframes. Arrow signals provide BUY and SELL trading signals. In addition, the indicator is free to download and easy to install.