Easy Trend Visualizer Indicator

Trading in the direction of the trend is one thing that many traders enjoy doing. Having an indicator that tries to predict trend direction could be beneficial to traders who ride trends. The Easy Trend Visualizer Indicator, while plotting arrows and lines signals, could be a beneficial tool for technical traders.

What is the Easy Trend Visualizer Indicator?

The Easy Trend Visualizer indicator is a dynamic forex trading tool comprised of three Average Directional Index (ADX) indicators that provide a visual representation of various trend conditions. It includes arrows and horizontal bars to indicate trend direction as well as the start/end of the trend. The indicator’s arrows indicate the probable start of a new trend, as well as buy/sell indications. The horizontal bars, on the other hand, indicate the potential end of the trend. In other words, the Easy Trend Visualizer advises you on when to enter and quit a trade position. This implies that the indicator would be useful to both beginning and intermediate forex traders.

Setting up the Easy Trend Visualizer Indicator
Setting up the Easy Trend Visualizer Indicator

Easy Trend Visualizer Strategy

If the candles begin to rise and the indicator displays an up arrow, forex trend traders can join the market with a buy trade and set a stop loss at the previous swing low. Similarly, when a bearish candle forms and the indicator displays a down arrow, traders could enter a sell position with a stop loss above the previous swing high. Technical traders might also exit the market at an opposite trading signal. The indicator operates on all chart time frames and can be used by both short-term and long-term traders.

Buy Signal

The following could be your checklist for a buy trade:

  • When the asset being traded is up trending.
  • When the indicator plots an up arrow at the bottom of the candlestick.

Once these events occur:

  • You could open a buy position after you confirm your entry with bullish candlestick patterns.
  • You could set your stop loss just below the nearest swing low.
  • You could set your take profit at the nearest resistance zone, or you could exit trade when the indicator plots a down arrow at the top of the candlestick.
  • For good risk management, I would only consider trades with a risk to reward ratio of at least 1:2.
Easy Trend Visualizer Indicator Buy Setup
Easy Trend Visualizer Indicator Buy Setup

 

Sell Signal

The following could be your checklist for a sell trade:

  • When the asset being traded is down trending.
  • When the indicator plots a down arrow at the top of the candlestick.

Once these events occur:

  • You could open a sell position after you confirm your entry with bearish candlestick patterns.
  • You could set your stop loss just above the nearest swing high.
  • You could set your take profit at the nearest support zone, or you could exit trade when the indicator plots an up arrow at the bottom of the candlestick.
  • For good risk management, I would only consider trades with a risk to reward ratio of at least 1:2.
Easy Trend Visualizer Indicator Sell Setup
Easy Trend Visualizer Indicator Sell Setup

Easy Trend Visualizer Pros & Cons

Pros

  • The Easy Trend Visualizer Indicator can be used to predict potential trend reversal and trend continuation zones.
  • The indicator predicts the trend direction of the asset for which it is used.

Cons

  • The Easy Trend Visualizer Indicator may sometimes mistake a trend correction for a trend reversal, and vice versa.
  • This indicator may require the traders to have knowledge of price action in order to benefit optimally.

Conclusion

The Easy Trend Visualizer Indicator is worth including in your trading arsenal. A good forex indicator may boost your chances of success. Nonetheless, keep in mind the importance of having realistic expectations. Easy Trend Visualizer, like any other technical analysis tool, is not capable of providing 100% accurate signals. As a result, this forex indicator occasionally generates false signals. Its performance will be highly variable depending on market conditions. You are free to create your own trading system based on it.

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