Silver Trend Indicator for MT4 Download – Free – [TradingFinder]

The Silver Trend Indicator is one of the practical tools in technical analysis that identifies short-term buy and sell signals and changes the color of candles.
By changing the candle colors, this trading tool simplifies the analysis of price fluctuations and allows traders to identify the main trend direction.

Specification Table of Silver Trend Indicator

The following table displays the specifications of the Silver Trend Indicator.

Silver Trend Indicator at a Glance

The Silver Trend Indicator displays bullish candles in blue and bearish candles in red. Traders can make their trading decisions based on the current market trend by observing candle color changes.

Bullish Trend Conditions

According to the EUR/USD chart in the 30-minute timeframe, bullish candles have been changed to blue by the indicator.
Traders can maintain their positions by following the candle color changes during the bullish trend.

Bearish Trend Conditions

Based on the USD/CHF chart in the 4-hour timeframe, candle colors changing to red indicate a bearish trend. In this condition, the consecutive formation of red candles reflects the continuation of the downtrend.

Silver Trend Indicator Settings

The settings of the Silver Trend Indicator are as follows:

• Risk: Sensitivity level of the indicator to market changes
• SSP: Calculation period or moving average length for filtering price fluctuations
• Counted Bars: Number of candles used for indicator calculations

Conclusion

The Silver Trend Indicator is a key tool for identifying short-term buy and sell signals. By changing candle colors in bullish and bearish trends, it facilitates market analysis for traders.
Additionally, users can adjust the sensitivity settings of the indicator according to their trading strategies.