274# Forex Trend Dashboard
Submit by joy22 24/12/2011
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.
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.
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…