The Trend Continuation indicator for Metatrader 5 delivers profitable trading signals and works similarly to the Trend Continuation indicator + Jurik Smoothed filter.
This is the simplified version without the Jurik Smoothed filter.
The indicator will respond a bit faster to sudden price changes and will fit scalpers and intraday traders better.
How do the buying and selling signals work?
- The blue colored Trend Continuation cloud is a buy signal.
- The orange colored Trend Continuation cloud is a sell signal.
The following indicator inputs and parameters can be modified: trend continuation factor period, price.
This technical tool works for any trading instrument (Forex, Stocks, Indices, etc.) that can be loaded in the Metatrader 5 platform.
Please make yourself familiar with this technical indicator and test it first on a demo account until you fully understand how it works.
It supports all time frames and Forex pairs.
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Trend continuation factor – Jurik smoothed.mq5 Indicator (MT5)
Chart Example
The following chart shows how the Trend Continuation Indicator looks like when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The Trend Continuation Indicator?
Find a simple trading example below:
Buy Signal
- The blue colored Trend Continuation cloud is a buy signal.
- Open a buy trade and place a protective stop below the previous swing low region.
- Close the buy trade for a fixed take profit target, or use your own preferred take profit method.
Sell Signal
- The orange colored Trend Continuation cloud is a sell signal (see chart above).
- Open a sell trade and place a protective stop above the previous swing high region.
- Close the sell trade for a fixed take profit target, or use your own preferred take profit method.
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Trend continuation factor – Jurik smoothed.mq5 Indicator (MT5)
