Half Trend Buy and Sell MT5 indicator

Half Trend Buy and Sell MT5 indicator is trend following, it generates buy and sell signals following the price trend, it is one of the best-selling free indicators as it offers many customizations and trading systems with entry timing.

The Half Trend MT5 indicator utilizes moving averages for precise signal generation. Tailored as a trend-tracking tool, it offers online forex traders the flexibility to employ it across various timeframes, enhancing their efficacy in intraday trading endeavors. Renowned for its non-redrawing characteristic, which furnishes live arrow signals for entry and exit, forex practitioners widely acclaim it as an unparalleled asset for trend-based trading strategies.

Example of Strategy with Half Trend is a famous MT4 strategy based on the TMA and Half Trend bands.

Logic Strategy

The aim of the strategy is to intervene on the extreme zones of the TMA bands to intercept a return towards the middle zone.

MT5 indicators

Half Trend amplitude 2

TMA band (60, 100, 2).

TMA band (60, 100, 2.5).

RSI (11) levels 70-30.

Trading Rules

Buy

Price goes out or closes below the lower band.

Half Trend buy arrow appears.

RSI 11 periods has gone overbought.(this condition is for trading in binary options).

Sell

Price goes out or closes below the upper band.

Half Trend sell arrow appears.

RSI 11 periods has gone oversold, (this condition is for trading in binary options).

Exit position

Profit target options: stop loss ratio 1: 1.18, to the opposite arrow, or n .. pips before the upper or lower channel.

Download

https://drive.google.com/drive/folders/1AyeuMhou1to8Zqmo7QucVJ4kK9rpm8jj?usp=sharing