The Buy Sell Trend Value Forex indicator for Metatrader 5 offers highly effective buy and sell trend signals, perfect for currency traders.
This indicator cleverly combines moving averages with the Average True Range indicator to generate reliable trading signals.
Here’s how the trading signals are represented:
- A blue colored arrow is a buy trade opportunity.
- A red colored arrow is a sell trade opportunity.
The indicator provides the flexibility to customize the following variables and values: moving averages period, ATR period, ATR shift, and color scheme.
Before implementing the Buy Sell Trend Value indicator on a live account, we strongly advise testing it on a demo account.
Familiarize yourself with its functionalities and observe its performance across various market conditions.
Download Indicator
trendvalue.mq5 Indicator (MT5)
Chart Example
Here is what the Buy Sell Trend Value indicator looks like when applied to the MT5 trading chart.
How To Buy And Sell Forex Pairs With The Buy/Sell Trend Value Indicator?
Find a simple trading example below:
Buy Signal
- A blue colored arrow triggers a buy signal.
- Initiate a buy market order and set a protective stop order below the blue dashed line.
- Exit the buy trade promptly when the red colored arrow gets displayed on the chart.
- Alternatively, close the buy trade for a fixed number of pips.
Sell Signal
- A red colored arrow triggers a sell signal.
- Initiate a sell market order and set a protective stop order above the red dashed line.
- Exit the sell trade promptly when the blue colored arrow gets displayed on the chart.
- Alternatively, close the sell trade for a fixed number of pips.
Download Now
trendvalue.mq5 Indicator (MT5)
Trend Value Breakout MT5 Trading Strategy
This strategy uses the Buy Sell Trend Value Indicator to identify the prevailing market trend and confirms entries with breakouts detected by the Simple Trade Breakout Forex Indicator.
The combination targets high-probability breakout trades aligned with the overall trend.
Indicators Used
- Buy Sell Trend Value Indicator: Provides clear buy and sell signals reflecting market direction and trend strength.
- Simple Trade Breakout Forex Indicator: Detects breakout points from consolidation zones, signaling potential strong moves.
Timeframes
Recommended for M15, M30, and H1 charts. Suitable for intraday and short-term trading.
Buy Entry Rules
- The Buy Sell Trend Value Indicator shows a buy signal indicating bullish momentum.
- The Simple Trade Breakout Indicator confirms a breakout above resistance or consolidation.
- Enter a long position on the close of the breakout candle.
- Set stop-loss just below the breakout level or recent swing low.
- Take profit at the next significant resistance or use a 1.5 to 2 times risk-reward ratio.
Sell Entry Rules
- The Buy Sell Trend Value Indicator shows a sell signal indicating bearish momentum.
- The Simple Trade Breakout Indicator confirms a breakout below support or consolidation.
- Enter a short position on the close of the breakout candle.
- Place a stop-loss above the breakout level or recent swing high.
- Target the next support zone or set a fixed reward-to-risk ratio.
Additional Tips
- Wait for both indicators to align to increase the probability of successful trades.
- Avoid trading during low volatility periods or unclear market conditions.
- Consider filtering signals with higher timeframe trend analysis for better accuracy.
Conclusion
By combining the trend clarity of the Buy Sell Trend Value Indicator with the breakout detection power of the Simple Trade Breakout Forex Indicator, this system offers traders a practical way to enter high-probability breakout trades aligned with the market trend.
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the trendvalue.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
