The Ultimate Trend Signals V2 indicator for MT4 creates BUY and SELL arrow signals based on ADX and pivot levels. Furthermore, the indicator displays the trend direction, strength, and trade recommendation for independent price charts.

Moreover, it shows the final trade recommendation to BUY or SELL and displays that information as arrow signals in the chart. As a result, forex traders can follow the trading signals and BUY and SELL accordingly.

The indicator works well for new and advanced forex traders. In addition, new forex traders can benefit from the BUY and SELL arrow trade signals.

However, advanced forex traders can use the trend direction, trend strength, and other technical indicators. As a result, advanced traders can use arrow signals and trade automatically using auto trading software. Additionally, the indicator is free to download and easy to install.

Ultimate Trend Signals V2 Indicator For MT4 Trading Signals

The above GBPUSD H4 price chart shows the Ultimate trend signals V2 indicator in action. In addition, the indicator shows the Bullish arrow signals as BLUE and Bearish arrow trading signals in RED. Moreover, it displays the daily pivot value and the daily open price on the price charts.

If the indicator shows a BLUE arrow signal in the price chart, it indicates the beginning of a BULLISH price trend. So, forex traders can enter a BUY position with a stop loss below the previous swing low. Similarly, the best take profit point is at the opposite trading signal.

Similarly, if the indicator displays a RED signal, it shows the start of a BEARISH market. So, forex traders can place a SELL trade. The best stop loss is above the previous swing high or at the opposite trading signal. Similarly, the best point to book profits is at the opposite signal.

As the indicator displays, the trend strength and direction of multiple time frame forex traders can use that information to exit. So, if the strength weakens in a lower time frame, chart traders can prepare the exit strategy.

Ultimate Trend Signals V2 MT4 Forex Indicator Free Download

• Read More Forex Trend & Breakout MT4 Indicator System Free Download

Conclusion

The Ultimate trend signals v2 indicator’s arrow trading signals assist the forex traders. By providing Bullish and Bearish trend information and BUY and SELL signals. Moreover, automated trading strategies can use arrow trading signals. Additionally, the trend direction and strength of multiple time frames help the trader make an informed entry and exit decision.