The DeMark Trend Indicator is a very simple yet powerful indicator that works on the MetaTrader4 (MT4) platform, plotting two trend lines (an upper trend line and a lower trend line) that are used to identify a trading opportunity. When price breaks out on the upper trend line, a BUY signal is generated. Conversely, when price breaks out on the lower trend line, a SELL signal is generated. The indicator also plots the projected profit levels automatically. There is also a sound alert when price breaks the trend lines, so that you do not have to monitor the charts all the time.
This indicator is most profitable when used on higher timeframes, i.e. H1 and above, since these timeframes have much less market 'noise'.
The following currency pairs are recommended when using this indicator:
- EUR/USD
- GBP/USD
- USD/JPY
- USD/CHF
- EUR/JPY
- GBP/CHF
I have included an explanation of the principles behind this indicator for those who are interested.
MT4 Candlestick Patterns Indicator
4 Comments:
very good indi
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