TMA Line
Back to products
Synergy Pro Asr
MT4
Watch video
Click to enlarge

Precision Trend Histogram

The Precision Trend Histogram indicator for MT4 identifies and displays trend direction and reversal zones. Indicator is easy to use and can be used in combination with other indicators to help traders make successful trades.

Trading Style

Indicator Type

Timeframe

Platform

Add to wishlist
0 People watching this product now!
Category:

Downloads - 111

Download now
Description

The Precision Trend Histogram indicator for MT4 is a custom indicator that analyses and displays market trend direction. It is optimized to analyze and display market trend conditions with better accuracy.

Thus, the indicator can be a valuable asset for scalpers, day/intraday, and swing traders because of its precision in reading and interpreting market trend conditions. Besides, it can also be used to find entry zones to join an already-established trend.

Furthermore, the indicator is very sensitive to price changes, which makes it an incredible trading tool that can assist traders in identifying potential trend-reversal zones. What’s more, the indicator is suited for beginners and experienced Forex traders.

Features of the Precision Trend Histogram Indicator

The indicator analyzes and displays the trend direction of the market using histogram bars. It suggests that a trend is bullish if the green histogram bars appear, while a bearish trend is when it displays the red bars.

Therefore, traders can look for buying opportunities when the indicator’s green bars appear or sell when it displays the red histogram bars. As stated above, traders can identify optimal zones to join an already established trend, in an up trend, for instance. To do this, wait for a retracement (depicted with red histogram bars) and look for a buy entry when the indicator displays green bars, which suggest a bullish trend continuation.

Benefits of Using the Indicator

  • Accurate Trend Identification: The indicator assists traders in identifying market trend direction with precision. Thus, it can potentially increase the success rates of traders in the financial market.
  • Trading Confluence: The indicator can be used as a confluence with price action/other technical indicators for making improved trading decisions.

Indicator Settings Description

The indicator comes with the following customizable settings:

Average period: Determines the indicator’s period for trend analysis.

Sensitivity: Determines the indicator’s sensitivity to change in price.

Reviews (0)

Reviews

There are no reviews yet.

Be the first to review “Precision Trend Histogram”

Your email address will not be published. Required fields are marked *

1 2 3 4 5
1 2 3 4 5
1 2 3 4 5

How to Install

How install MT4/5 indicator in the terminal?

To install an MT4/5 indicator in the terminal, follow these steps:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.

Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.

And if asks to confirm DLL?

If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.

DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.

If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.

It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.

 

Related products

MT4
Quick view
Add to wishlist

Buy Sell Magic

The Buy Sell Magic indicator is a new and innovative Forex trading tool that detects trend reversals and generates accurate buy and sell signals on the price chart. Use the indicator on the chart of your chosen currency pair and follow the color signals to improve your trading performance.
MT4
Quick view
Add to wishlist

Double Top Bottom Patterns

,
The Double Top Bottom Patterns indicator for MT4 is the best Forex indicator that identifies double tops/bottom patterns. It helps spot the patterns easily and confirms the price breakout after the pattern, providing BUY and SELL arrow trading signals.
MT4
Quick view
Add to wishlist

Swing ZZ Zigzag

,
The Swing ZZ Zigzag indicator is an MT4 indicator that connects the peaks and troughs for potential trend reversal signals.
MT4
Quick view
Add to wishlist

Forex Reversal

The Forex Reversal Indicator for MT4 detects bullish and bearish trend reversals. The indicator uses a combination of technical analysis tools such as moving averages, Fibonacci levels and Price Action patterns to identify pivot points to ensure successful trading.
MT4
Quick view
Add to wishlist

SSL Channel Chart Alert

,
Better your forex trading with the SSL Channel Chart Alert Indicator. Seamlessly combining Moving Averages, it offers clear buy and sell signals for trend traders. Benefit from non-repainting signals and easy-to-use settings.
MT4
Quick view
Add to wishlist

Darvas Boxes nmc

,
The Darvas Boxes NMC Indicator is a nice and free Forex trading tool available for MT4 platforms. It is based on the Darvas box trading method, which involves identifying trends through the creation of boxes on a price chart. The indicator helps traders visualize key support and resistance levels and potential trend reversals. The Darvas Boxes NMC Indicator provides clear buy and sell signals through color changes and arrows, allowing traders to make informed trading decisions. Its user-friendly interface and customizable settings make it suitable for both novice and experienced traders.
MT4
Quick view
Add to wishlist

PZ ABCD Retracement

,
The PZ ABCD Retracement Indicator is a popular and free forex indicator for MT4 that helps traders identify potential trading opportunities by identifying the AB=CD harmonic pattern. The indicator automatically plots Fibonacci retracement levels to help traders identify entry and exit points. It works by scanning the market for the AB=CD pattern and drawing the necessary lines and levels. It can be used by both a novice and an experienced trader, making it a versatile tool for traders who want to improve their trading results.
MT4
Quick view
Add to wishlist

A-Gimat Reversal

Identify bullish and bearish forex trading signals with up and down arrows by A-GiMaT Reversal Indicator. Easy to use based on ZigZag MetaTrader indicator. Enter the markets at tops and bottom to ride the trend. Easy to install and free to download.