Silver Trend Signal Indicator in MT4 Download – Free – [TradingFinder]

The Silver Trend Signal indicator is an advanced tool in technical analysis that, by examining the overall market trend, identifies potential price reversal points (pivot points).

The functionality of this trading tool is based on displaying buy and sell signals and marking them with visual indicators.

Specifications Table of the Silver Trend Signal Indicator

The specifications of the Silver Trend Signal Indicator are shown in the table below:

Silver Trend Signal Indicator at a Glance

The method of using the Silver Trend Signal Indicator is such that, by considering the dominant market trend, traders can activate buy and sell positions at the marked points.

Buy Trading Setup

Based on the Silver to US Dollar (XUG/USD) chart on the 1-hour timeframe, the performance of the Silver Trend Signal Indicator can be observed.

As shown in the chart, traders can use the indicator’s signals as suitable entry points for buy trades, considering the upward trend direction.

Sell Trading Setup

According to the 1-hour Euro to US Dollar (EUR/USD) chart, the formation of lower lows indicates a clear downward trend direction. In this situation, the indicator’s signals can be considered as entry points for sell trades.

Silver Trend Signal Indicator Settings

The settings of the Silver Trend Signal Indicator are as follows:

• PERIOD: Number of indicator calculation periods for trend analysis
• SENSITIVITY: Indicator sensitivity level to price changes
• PIVOT_LOOKUP_BARS: Number of candles checked for pivot point detection
• ALERT: Alert activation
• EMAIL: Alert via email
• NOTIFICATION: Notification activation
• MESSAGE_TIMEOUT: Time interval for repeated alert in seconds
• MESSAGE_SUBJECT: Alert subject

Conclusion

The Silver Trend Signal Indicator is designed to display trading signals in MetaTrader 4.
The points marked by this trading tool represent potential market turning points or pivot points, and by considering the overall market trend, traders can identify optimal positions in line with the main market direction.