Features of the Half Trend Buy Sell Indicator
The Half Trend Buy Sell indicator for MT5 is one of the best tools for trend traders. It identifies the current trend and gives traders buy and sell signals. The indicator uses a moving average to follow the trend. When the trend is bullish, the indicator turns purple. On the other hand, when the trend is bearish, it turns red.
Furthermore, the indicator draws clear arrows for buy and sell signals. When the trend is bullish, the indicator draws a dodger blue arrow signaling traders to buy. Meanwhile, when the trend is bearish, it draws a red arrow signaling traders to sell. Additionally, you can get these signals as alerts via messages, sound, or email. Therefore, you don’t miss out on any good trading opportunities.
How the Indicator Can Benefit You
The Half Trend Buy Sell indicator is a valuable tool for trend followers that makes it easier to identify the current trend and trade with it. It automates most of this process, allowing you to relax and place your orders when alerted.
For a buy signal, the indicator will turn purple and draw a dodger blue arrow pointing up. Enter a buy order and place your stops below the previous low. For a sell signal, the indicator will turn red and draw a red arrow pointing down. Pace your sell order with stops above the previous high.
Indicator Setting Description
Amplitude: This input allows you to change the amplitude of the indicator.
ShowBars: This shows the trend bars.
ShowArrows: Shows signal arrows. Dodger blue arrows for buy signals and a red arrow for sell signals.
alertsOn: This input turns On the MT5 alerts.
alertsOnCurrent: Enables/disables alerts on current candle close.
alertsMessage: Displays the alert message.
alertsSound: Enables/disables sound alerts.
alertsEmail: Enables/disables email alert messages.
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