Thread: Best Free Trend Indicator

I am looking for a good trend indicator, similar to the Probability Meter.

If anyone knows of something, please let me know. There are so many indicators out there, its next to impossible to find the best ones.

fxrobot

Originally Posted by fxrobot

I am looking for a good trend indicator, similar to the Probability Meter.

If anyone knows of something, please let me know. There are so many indicators out there, its next to impossible to find the best ones.

fxrobot

Here is the one, you have to tweak it a bit
http://www.tradingsystemforex.com/id...check-out.html

Moving average

Moving averages are the most simple kind of trend-following indicators. They simply take the data of the latest n-period (n-hour, n-day, and so forth), divide that by the n of the period to reach at the indicator's present value. The main difference between exponential and simple moving averages is that while the former attaches greatest significance to the most recent period, the latter weighs each period (the present included) equally. In other words, the exponential moving average is more sensitive to the price action of today. In general, the longer the period of a moving average, the slower it responds to price action, and the later its signals will be.

I think so MACD is a good Forex trend indicator for This is the next indicator you can use to help you to tell the trend. The setting for this indicator can be as default and all you need is to check whether the MACD and its trigger line is above or below the zero line.