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- Professional Swing Indicator for MT4 Download - Free - [TradingFinder]
Professional Swing Indicator for MT4 Download - Free - [TradingFinder]
The Professional Swing Indicator displays trend direction and strength using colored histogram bars. In addition to illustrating trend movements, it provides marker entry signals for trades.
The Professional Swing Indicator visualizes upward trends with light blue bars and downward trends with brown histograms.
Specifications Table for the Professional Swing Indicator
Category | Oscillator - Currency Strength - Signal and Prediction |
Platform | MetaTrader 4 |
Skill Level | Beginner |
Indicator Type | Reversal - Continuation |
Timeframes | Multi Timeframe |
Trading Style | Day Trading |
Market | All Markets |
Buy Signal in Uptrend
The EUR/USD price chart in a 30-minute timeframe demonstrates how the indicator functions during an uptrend.
The sequential formation of light blue bars shows the trend direction, while the appearance of a green marker below the zero line indicates an entry point for a Buy position.
Sell Signal in Downtrend
As seen in the BNB cryptocurrency price chart in a 1-hour timeframe, the indicator issues a Sell signal using a red marker.
The sequential formation of histogram bars also confirms the continuation of the downward trend.
Indicator Settings
- Chart Theme: Customize the appearance of the indicator.
Conclusion
The Professional Swing Indicator is a precise tool for identifying trend direction and reversals.
The MetaTrader 4 platform uses histogram bars and point markers to provide entry and exit signals for trades.
Does the Professional Swing Indicator work in cryptocurrency markets?
Yes, this indicator is applicable in all markets and provides trade entry signals.
What is the role of histograms in this indicator?
Histograms display the trend direction and strength.