Silver Trend Indicator for MT5 Download – Free – [TradingFinder]

The Silver Trend Indicator is recognized as one of the widely used indicators in technical analysis, with its main function being the identification of short-term bullish and bearish trends.
This indicator changes the color of candles to display the market trend more clearly; as a result, analyzing price movements becomes easier for traders.

Specification Table of Silver Trend Indicator

The specifications of the Silver Trend Indicator are as follows.

Silver Trend Indicator at a Glance

The Silver Trend Indicator changes the color of candles to provide a clear display of market trends. Bullish candles are shown in blue, while bearish candles are shown in red. Traders can identify price direction more easily by observing these color changes and enter buy or sell positions accordingly.

Bullish Trend Conditions

Based on the Cardano (ADA) chart in the 30-minute timeframe, the Silver Trend Indicator marks bullish candles in blue.
Traders can manage their open trades during upward market moves and maintain buy positions as long as the uptrend continues.

Bearish Trend Conditions

According to the Gold vs. US Dollar (XAU/USD) chart in the 5-minute timeframe, the change of candle colors to red by the indicator indicates the beginning of a bearish trend.
The consecutive formation of these red candles also signals the continuation of selling pressure and the strengthening 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 designed to provide a clear view of bullish and bearish trends in MetaTrader 5. By changing candle colors during upward or downward moves, this indicator makes the overall market direction more transparent and simplifies decision-making for traders.
Additionally, users can adjust the sensitivity of the indicator through the settings section according to their personal trading style and trading strategy.