Dynamic Trend Cleaned Up Indicator for MT4

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Dynamic Trend Cleaned Up Indicator for MT4

Introduction to the Dynamic Trend Cleaned Up Indicator

Trend following indicators are very useful technical indicators because it allows traders to identify the direction of the trend and trade in that direction. This practice significantly increases the likelihood of a profitable trade. Aside from this, trend following indicators also often have a mechanism for traders to identify potential trend reversals.

What is the Dynamic Trend Cleaned Up Indicator?

The Dynamic Trend Cleaned Up Indicator is a trend following technical indicator which aids traders in identifying trend direction and trend reversals.

This indicator plots a line on the price chart which follows price action at a distance opposite the direction of the trend. The line plots below price action to indicate a bullish trend and above price action to indicate a bearish trend.

This indicator also plots arrows indicating a trend reversal. It plots blue arrows pointing up to indicate a bullish trend reversal and green arrows pointing down to indicate a bearish trend reversal.

Dynamic Trend Cleaned Up Indicator for MT4

How the Dynamic Trend Cleaned Up Indicator Works?

The Dynamic Trend Cleaned Up Indicator uses a complex algorithm which detects trend direction based on price action movements. It then plots a line opposite the direction of the trend based on a percentage multiplier. The line shifts whenever price crosses and closes on the opposite side of the line indicating a trend reversal. It also has a different algorithm to detect trend reversals which triggers it to plot the trend reversal arrow signals.

How to use the Dynamic Trend Cleaned Up Indicator for MT4

This indicator has a couple of variables which can modify the characteristics and sensitivity of the indicator.

The “Percent” variable refers to the percentage multiplier which modifies the distance between the line and price action. The higher the number, the farther the line plots.

The “MaxPeriod” variable refers to the number of periods used by the indicator to detect trend direction.

How the Dynamic Trend Cleaned Up Indicator Works

This indicator can be used as a trend direction filter, wherein traders would opt to trade exclusively in the trend direction indicated by the line.

It can also be used as a trend reversal signal indicator. Trend reversal signals tend to work best when there is a confluence of the shifting of the lines as price closes on the opposite side of the line and the appearance of the trend reversal signal arrows.

Buy Trade Setup

When to Enter?

Open a buy order on the confluence of the shifting of the Dynamic Trend Cleaned Up line below price action and the appearance of an arrow pointing up. Set the stop loss below the line.

When to Exit?

Trail the stop loss below the Dynamic Trend Cleaned Up line until stopped out in profit.

How to use the Dynamic Trend Cleaned Up Indicator for MT4 - Buy Trade

Sell Trade Setup

When to Enter?

Open a sell order on the confluence of the shifting of the Dynamic Trend Cleaned Up line above price action and the appearance of an arrow pointing down. Set the stop loss above the line.

When to Exit?

Trail the stop loss above the Dynamic Trend Cleaned Up line until stopped out in profit.

How to use the Dynamic Trend Cleaned Up Indicator for MT4 - Sell Trade

Conclusion

This indicator is a very reliable trend reversal signal indicator. It usually confirms trend direction and trend reversals correctly based on the shifting of the lines and the appearance of the arrows. However, depending on its settings, it can also produce lagging signals. Users may adjust its sensitivity for better results.

MT4 Indicators – Download Instructions

Dynamic Trend Cleaned Up Indicator for MT4 is a Metatrader 4 (MT4) indicator and the essence of this technical indicator is to transform the accumulated history data.

Dynamic Trend Cleaned Up Indicator for MT4 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly. Click here for MT4 Strategies

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How to install Dynamic Trend Cleaned Up Indicator for MT4.mq4?

  • Download Dynamic Trend Cleaned Up Indicator for MT4.mq4
  • Copy Dynamic Trend Cleaned Up Indicator for MT4.mq4 to your Metatrader Directory / experts / indicators /
  • Start or restart your Metatrader 4 Client
  • Select Chart and Timeframe where you want to test your MT4 indicators
  • Search “Custom Indicators” in your Navigator mostly left in your Metatrader 4 Client
  • Right click on Dynamic Trend Cleaned Up Indicator for MT4.mq4
  • Attach to a chart
  • Modify settings or press ok
  • Indicator Dynamic Trend Cleaned Up Indicator for MT4.mq4 is available on your Chart

How to remove Dynamic Trend Cleaned Up Indicator for MT4.mq4 from your Metatrader Chart?

  • Select the Chart where is the Indicator running in your Metatrader 4 Client
  • Right click into the Chart
  • “Indicators list”
  • Select the Indicator and delete

Dynamic Trend Cleaned Up Indicator for MT4 (Free Download)

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