Fiji Trend Indicator in MetaTrader 5 Download - Free - [TradingFinder]

The Fiji Trend Indicator is widely used to identify trends and locate entry and exit points on the MetaTrader 5 platform.

This indicator uses various moving averages and arrow markers to provide users with a noise-free chart with trade signals. When combined with other analytical tools, it helps traders identify profitable positions.

Indicator Specifications Table

Upward Signal

According to the 1-hour price chart of the cryptocurrency Chainlink, a color change in the Fiji chart from orange to blue indicates the start of an uptrend. Immediately following this color shift, the indicator issues a buy entry signal with a green arrow.

Downward Signal

Based on the 4-hour price chart of silver against the U.S. dollar (XAG/USD), a color shift in the Fiji chart from blue to orange signals the beginning of a downtrend. Right after this color change, the indicator issues a sell entry signal with a red arrow.

Indicator Settings

• Chart theme: Customize the indicator theme;
• M.A. period: Set moving average period to 5;
• M.A. method: Set the averaging method to 3;
• Applied price: Set calculation price to 0;
• ATR period: Set ATR period to 11;
• Volatility factor: Set volatility factor to 1.3;
• Offset factor: Set offset factor to 0.15;
• Alert: Enable the alert option.

Conclusion

The Fiji Trend Indicator is an efficient tool for determining Entry and Exit points in trades. It filters out noise and minor price fluctuations, presenting the primary market trends. Additionally, this indicator uses arrow markers to provide useful signals for decision-making regarding trade entries.