Trend Screener Indicator MT4 – Free Binary Option

Trend Screener Indicator Review

Forex trading, a vast market filled with potential and pitfalls, relies heavily on technical analysis. This analysis requires the right tools. One such tool is the Trend Screener Indicator, designed explicitly for the Binary Options MT4 platform, making it a sought-after addition to the trader's arsenal. Let's dive into its features and functionalities.

Version: 3.0

7 Terminal: MT4

Year of issue: 2023

Working pairs: (Work on any pair)

Recommended timeframe: M1

Best Brokers List

Trend Screener Indicator works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:

BROKER NAME	REGISTER	Year Founded	Headquartered	Leverage	Minimum Deposit	Regulating
	Register	2007	🇦🇺 Australia 🇨🇾 Cyprus 🇧🇸 The Bahamas 🇸🇿 Seychelles	1:1000	$200	ASIC, SCB, FSA
	Register	2008	🇨🇾 Cyprus	1:Unlimited	$10	CySEC, FCA, FSCA, FSA, BVI
	Register	2009	🇧🇿 Belize	1:2000	$10	FSC
	Register	2009	🇧🇿 Belize	1:3000	$1	IFCS
	Register	2009	🇨🇾 Cyprus 🇦🇺 Australia 🇧🇿 Belize 🇦🇪 Emirates	1:1000	$5	ASIC, CySEC , IFSC
	Register	2010	🇦🇺 Australia	1:500	$200	FCA , ASIC, DFSA
	Register	2011	🇬🇧 England	1:500	$25	CySEC
	Register	2006	🇪🇭 Ireland	1:400	$100	CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

Trend Screener Indicator Settings

The Trend Screener Indicator Explained

Trend Screener Indicator is not just another tool in the forex landscape. It's a culmination of simplicity and efficiency. Built to cater to the needs of both Scalping and Binary traders, the indicator provides precise buy/sell signals that are a product of three foundational technical indicators. Here’s a closer look:

1. Simple Moving Average (SMA): A widely acclaimed metric, SMA calculates the average price of an asset over a designated period, aiding in smoothing out price data to identify the direction of the trend.
2. Relative Strength Index (RSI): This momentum oscillator measures the speed and change of price movements. RSI oscillates between zero and 100, making it a reliable tool to identify overbought or oversold conditions.
3. Stochastic Oscillator: A valuable momentum indicator that compares a particular closing price of an asset to a range of its prices over a certain period.

Together, these indicators not only hint at the market direction but also potential reversals, ensuring that traders are always a step ahead.

Interpreting the Signals

Deciphering the signals is straightforward. Here's a quick guide:

Sell Signal Criteria:

• Asset’s price is below the SMA 150.
• RSI (3) is in the oversold zone (less than 20).
• Stochastic Oscillator (6, 3, 3) is in the oversold zone (less than 20).

Buy Signal Criteria:

• Asset’s price is above the SMA 150.
• RSI (3) is in the overbought zone (greater than 80).
• Stochastic Oscillator (6, 3, 3) is in the overbought zone (greater than 80).

Adapting to Different Trading Styles

The Trend Screener Indicator is versatile. For those inclined towards Scalping, the M1 or M5 timeframes are ideal. This swift trading strategy involves making numerous trades throughout the day, capitalizing on small price movements. The clear signals provided by the Trend Screener Indicator ensure that scalpers can make their moves confidently.

Binary traders, on the other hand, will find the 1-Minute chart optimal, especially when eyeing a 3 to 4-minute expiration. This translates to about 3-4 candle durations, offering a balance between accuracy and swift decision-making.

Trend Screener Indicator MT4 - Free Binary Option

Conclusion

The Trend Screener Indicator is a confluence of simplicity, efficiency, and versatility. It's tailored for traders who demand precision without the complexities. Whether you're a scalper looking for quick trades or a binary options trader seeking reliable entry and exit points, the Trend Screener Indicator has you covered. Ensure you add it to your trading toolkit and witness a marked difference in your decision-making prowess.

Download Trend Screener Indicator

Please try for at least a week an XM demo account. Also, familiarize yourself with and understand how this free forex Tool works before using it on a live account.

Disclaimer: All trading involves risks. It's essential to do your own research and consider seeking advice from a licensed financial advisor before making any trading decisions.