Trend Percentage Indicator

The Trend Percentage indicator for MetaTrader is an oscillator-based indicator that tracks and calculates the percentage change in bullish and bearish trends. In other words, the indicator shows the current percentage trend differences between bullish and bearish traders in the market. The indicator does not generate a BUY or SELL signal; it was developed to give you a clear picture of the percentage change in the price of an asset. This information may then be used confluence for your trade entries and exits. The indicator stands in a separate window below the chart, which makes it chart-friendly and easy to use. It is recommended for the novice, intermediate, and advanced forex traders. Besides, it can also be used with different trading styles like scalping, day/intraday, and swing trading. How To Trade With The Trend Percentage Indicator The above screenshot depicts how the indicator would look on your MT4 chart. Moreover, the indicator is recommended to be used along with other technical indicators for better efficiency. The indicator comes with green and red lines that oscillate in response to the trend of the market in a given interval. The position of any of the lines of the indicator signals the dominating (bullish or bearish) trend of the market. The green line above the red line indicates a bullish move, for instance. Consequently, you may look for a BUY opportunity when the blue line is above the red line with a wide margin gap. The above principle is also applicable to identifying a viable SELL opportunity. You may refer to the above screenshot for better grapes. Conclusion The Trend Percentage indicator for MT4 can potentially improve your winning trade ratios, especially when combined with technical analysis. What’s more, the indicator is free to download.