EntryExit Trend indicator displays the buy and sell signals on the chart, along with the ATR Value. The information displayed by the indicator can be used as a reference by traders to open and close positions.
There are a lot of indicators that require complex analysis and sound technical background to work with. But this indicator is so simple that a trader who just knows what opening short and long positions means can trade with this indicator.
| Name | EntryExit Trend Indicator |
| Indicator Function | It gives Buy and Signals |
| Platform | MT4 |
| File Size | 6KB |
Working of EntryExit Trend Indicator
When you apply the indicator to the charts, the indicator will show a buy and sell signal. The indicator will also display the ATR value line along with the signals. There will be a sell signal at the swing high, and the indicator will show a buy signal at the swing low. Also, when you change the settings to show long-period signals, the indicator will give a little bit fewer signals, but the signals will be more accurate and work well.
Settings of EntryExit Trend Indicator
In the settings of the indicator, you can change the ATR line to be visible or invisible also, you can change the value of the ATR period to change the frequency of the signal.
Trading Strategy For EntryExit Indicator
The trading strategy for this indicator is very simple.
Buy Strategy
- You should take the long position when the indicator gives a buy signal on the charts. The buy signal will be represented by a blue upward arrow.
- The stop loss level will be the last swing low.
- Take profit level will be when the indicator gives a sell signal.
Sell Strategy
- You should take the short position when the indicator gives a sell signal on the charts. The sell signal will be represented by a red downward arrow.
- The stop loss level will be the last swing high.
- Take profit level will be when the indicator gives a buy signal.
Conclusion
This indicator is one of the simplest indicators that you will find. Also, following the trading strategy for the Entry-Exit Indicator is very simple. I suggest you use the indicator combined with a key levels indicator.
To download the indicator for free, please click on the link below
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