TradingView Trend Indicator – Free Download

Unlocking Market Insights with TradingView Trend Indicator

Introduction

In the dynamic world of forex trading, staying ahead of market trends is paramount. The TradingView Trend Indicator emerges as a powerful tool, providing a comprehensive analysis of the market's strength through a blend of key indicators. In this article, we'll delve into its features, how to acquire and set it up, and the optimal time frame for utilization.

Technical Specifications

Version: 1.0
Year of issue: 2024
Working pairs: Any
Recommended timeframe: H4
Minimum Deposit: $1000
Average of account: 1:30 To 1:1000

Best Brokers Listk

TradingView Trend 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

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Understanding the Indicator

The TradingView Trend Indicator amalgamates six crucial indicators – RSI, Stochastic, MACD, 50MA, 100MA, and 200MA – to deliver a holistic view of the market's vitality. It employs a straightforward approach, employing green and red arrows to signify bullish and bearish conditions.

Calculating Green and Red Arrows

• RSI
  • RSI > 50 = Green Arrow
  • RSI < 50 = Red Arrow
• Stochastic
  • Fast Line above Slow Line = Green Arrow
  • Fast Line below Slow Line = Red Arrow
• MACD
  • MACD above Signal = Green Arrow
  • MACD below Signal = Red Arrow
• 50MA
  • Price above 50MA = Green Arrow
  • Price below 50MA = Red Arrow
• 100MA
  • Price above 100MA = Green Arrow
  • Price below 100MA = Red Arrow
• 200MA
  • Price above 200MA = Green Arrow
  • Price below 200MA = Red Arrow

PRO TIP: Customize the text color for optimal visibility on light or dark backgrounds.

 Download and Setup

• Download the .txt file and upload it to TradingView's PineScript editor.
• Follow the provided tutorial video for a seamless setup.

Best Time Frame for Usage

While the indicator is versatile across various time frames and assets (stocks, forex, and crypto), its prowess shines on the 4-hour chart. This time frame aligns with the intricacies of forex markets, offering a balanced view of trends.

Membership and Indicator Compatibility

Notably, a paid TradingView membership is not mandatory. The indicator functions seamlessly with their free plan, allowing users to load up to three indicators on their charts.

Conclusion

Empower your forex trading journey with the TradingView Trend Indicator. Its multi-indicator approach provides a nuanced perspective, assisting traders in making informed decisions. Follow the simple steps outlined to integrate this powerful tool into your TradingView charts and navigate the dynamic forex landscape with confidence.

Download TradingView Trend Indicator

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