of the more interesting indicators that should be explored further. Update, here is a short article with download link for Ultra Trend Indicator. Ultra Trend Indicator Article. Most seem to use it as a trend identifying indicator.
This is because one the indicator has reached and extreme the price can and will continue for sometime in the current trend. Have heard that it also draws some vertical lines inbetween long and short positions. Ultra Trend as your trend indicator and use another indicator to trigger you into a trade.
Ultra Trend is a metatrader indicator which from a visual point of view is one of the best looking indicators in my of yet I have not found any forex trading systems that use Ultra Trend as its main signal. As I suggest with other indicators, it would probably be wise to use. Do not be confused with the line topping out as being overbought. Copy Trend mq4 to Metatrader Directory / experts / indicators /. Free Indicator Download :-, ultra Trend Indicator (note: this is not fxultra trend, that is a different trading system/indicator. I have just added the indicator. If you are looking for fxultra trend then use the serch box at the top and search for fxultra and you should find what you are looking for. All Indicators on Forex Strategies Resources are free. Free download Indicators Trend for Metatrader. This is not a stochastic ocsillator, so you shouldnt treat it as such. Hence why it is a great trend indicator. However I think on certain indices, like the ftse, you can use it all the way down to the 5 minute chart.