5 SMA Trend Forex Indicator
This great forex trend indicator is based on a simple moving average. In order to draw buy, sell and flat (weak trend) bars, it compares the current moving average value with its previous one.
For values > 1, an uptrend bar will be drawn (green).
For values < 1, an downtrend bar will be drawn (red).
Flat bars (orange) will be drawn if the moving average value didn’t exceed the tolerance level.
Buy signal: Green bar
Sell signal: Red bar
Currency pairs: all
Time frames: all
Trading sessions: all
Configurable Indicator Options
Colors, sma period, tolerance level, method,…
EUR/USD H1 Chart Example