This document describes an indicator called the Trend Dash Board 2 that can be used on MetaTrader 4. It provides instructions on how to install the indicator and use it to determine trends on different timeframes. The indicator displays trend signals to help traders identify when trends are strong enough to enter long or short positions. It also shows account information to help with trading decisions. The conclusion encourages the reader to provide feedback on whether the free materials have been helpful and their dreams as a forex trader to gauge interest in potential future offerings.
This document describes an indicator called the Trend Dash Board 2 that can be used on MetaTrader 4. It provides instructions on how to install the indicator and use it to determine trends on different timeframes. The indicator displays trend signals to help traders identify when trends are strong enough to enter long or short positions. It also shows account information to help with trading decisions. The conclusion encourages the reader to provide feedback on whether the free materials have been helpful and their dreams as a forex trader to gauge interest in potential future offerings.
This document describes an indicator called the Trend Dash Board 2 that can be used on MetaTrader 4. It provides instructions on how to install the indicator and use it to determine trends on different timeframes. The indicator displays trend signals to help traders identify when trends are strong enough to enter long or short positions. It also shows account information to help with trading decisions. The conclusion encourages the reader to provide feedback on whether the free materials have been helpful and their dreams as a forex trader to gauge interest in potential future offerings.
Installation Copy the file Trend Dash Board 2.ex4 to your Meta Trader experts\indicators folder For example: if your Metatrader 4 is installed at C:\Program Files\ Meta Trader 4, then the indicators folder should be located at C:\Program Files\ Meta Trader 4\experts\indicators
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Start Meta Trader 4 and from the top menu, choose Insert -> Indicators -> Custom -> Trend Dash Board 2 or drag it from the Navigator Panel on the left hand side onto the chart window
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How to use it This indicator is a very useful tool to determine the current trend in all different timeframes. As you can see from the screenshot, there are four different Trend Signals named Trend 1, Trend 2, Trend 3 and Trend 4. Each trend utilizes a different method to determine the current trend of the current currency pair in each timeframe.
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Explosive Trading Technology You can tell how the trend is going to be in a certain time frame very easily. For example, in 1-Minute timeframe, 4 trend indicators all display an UP signal. So, you can tell that the trend is going very strongly and we can open a Long position. If in a certain timeframe, there are at least 3 UP signal then we can open a LONG position. If there are at least 3 DOWN signal, then we can open a SHORT position. In other situations, do not enter a trade.
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The indicator also tells you some very useful information about your account, high price,low price, open price of the day, the spread, the last price, the margin…
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