Lab Trend Indicator in MetaTrader 4 Download - [TradingFinder]

The Lab Trend Indicator is a technical analysis tool that functions similarly to the ASC Trend Indicator on the MetaTrader 4 platform. This indicator uses advanced algorithms to identify the beginning of new trends through colored signal dots, defined as follows:

• A green dot indicates the beginning of a bullish trend and acts as a Buy signal;
• A red dot marks the start of a bearish trend and serves as a Sell signal.

Lab Trend Indicator Table

The general specifications of the Lab Trend Indicator are presented in the table below:

Overview of the Lab Trend Indicator

The Lab Trend Indicator analyzes shifts in buyer and seller strength using internal algorithms and displays colored dots on the chart to suggest the likely market direction.

This trading tool performs more accurately in trending markets; however, in choppy or sideways markets, it may produce false signals.

Uptrend Conditions

The following 15-minute chart of the EUR/AUD currency pair demonstrates the indicator’s behavior:

When the price reaches a bottom after a downward trend and a green dot appears, the indicator signals the start of a bullish trend and suggests a Buy entry.

Downtrend Conditions

The price chart below shows the AUD/NZD currency pair in the 15-minute timeframe.

At the top of the price chart, when a red dot appears from the Lab Trend Indicator, it suggests the beginning of a bearish trend and serves as a Sell signal.

Lab Trend Indicator Settings

The settings panel of the Lab Trend Indicator is shown in the image below:

• Risk: Risk level
• Show Candles: Display candles
• Show Signals: Display signal dots
• Alerts On: General alerts enabled
• Alerts On Current: Alerts based on the current candle
• Alerts Message: Show textual alert
• Alerts Sound: Sound alert
• Alerts Email: Email notification

Conclusion

The Lab Trend trading Tools is a trend-based technical analysis tool that accurately identifies entry and exit points using colored dots. In addition to showing the market direction, it also highlights potential price reversal zones.