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Lab Trend Indicator in MetaTrader 4 Download - [TradingFinder]

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Lab Trend Indicator in MetaTrader 4 Download - [TradingFinder]
Lab Trend Indicator in MetaTrader 4 Download - [TradingFinder] 0
Lab Trend Indicator in MetaTrader 4 Download - [TradingFinder] 1
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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:

Indicator Categories:
Signal & Forecast MT4 Indicators
Currency Strength MT4 Indicators
Trading Assist MT4 Indicators
Platforms:
MetaTrader 4 Indicators
Trading Skills:
Elementary
Indicator Types:
Reversal MT4 Indicators
Timeframe:
Multi-Timeframe MT4 Indicators
Trading Style:
Intraday MT4 Indicators
Trading Instruments:
Share Stocks MT4 Indicators
Indices Market MT4 Indicators
Commodity Market MT4 Indicators
Stock Market MT4 Indicators
Cryptocurrency MT4 Indicators
Forex MT4 Indicators

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.

Bullish trend analysis in the Lab Trend Indicator
View of the Lab Trend Indicator’s bullish trend on the EUR/AUD chart

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 in bearish signal mode
Bearish signal display of the Lab Trend Indicator in MetaTrader 4

Lab Trend Indicator Settings

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

Lab Trend Indicator settings panel
Detailed settings panel of the Lab Trend Indicator
  • 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.

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FAQs

How does the Lab Trend Indicator detect trends?

The indicator uses colored dots (green for a bullish trend and red for a bearish trend) to signal the beginning of a new trend.

Are Lab Trend signals reliable in choppy markets?

No; this indicator may generate false signals in sideways or ranging market conditions.

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