ITrend Indicator for MT4 is a Metatrader 4 (MT4) indicator and the essence of this technical indicator is to transform the accumulated history data. ITrend Indicator for MT4 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.What is the itrend Indictor?
The ITrend Indictor is a trend following technical indicator which uses a pair of oscillating lines to identify momentum and trend reversals. It plots a green and red line which oscillates as a pair on a separate indicator window.When to exit a trade with itrend indicator?
When to Exit? Close the trade as soon as price action shows signs of a bullish reversal. As with most trend following indicators, the ITrend Indicator can be susceptible to fake outs caused by market noise and price spikes that typically occur on choppy market conditions.How to use the itrend indicator crossover signals?
As such, it is best to use the ITrend Indicator crossover signals in confluence with a long-term trend. Traders can opt to trade the crossover signals solely in the direction of the long-term trend. When to Enter? Identify a currency pair that is in an uptrend scenario.