How to interpret trend indicator in vfxAlert auto trade settings



Trend indicator predicts the market's likely direction for the next 10-15 bars based on the chosen timeframe. The Trend indicator of the vfxAlert will help you quickly assess the situation and find the moment for an option.


How to trade with Trend read in vfxAlert blog.


Here's how to interpret the vfxAlert signals provided by the Trend indicator:


Green upward arrow: Indicates an upcoming uptrend.

Red downward arrow: Indicates an upcoming downtrend.

Yellow arrow pointing to the right: Suggests a sideways trend. A sideways trend is the horizontal price movement that occurs when the forces of supply and demand are nearly equal.

Colored dots below the arrow represent the strength of the current trend.


For auto trade settings indicator values range from 0 to 10 and have the following interpretations:


  • 0 -3: Signify a downtrend. A value of 0 represents the strongest downtrend, while 3 represents the weakest.


  • 4-6: Indicate a sideways trend. A value of 4 suggests a potential transition to a downtrend, while 6 suggests a potential transition to an uptrend.


  • 7-10: Represent an uptrend. A value of 7 represents the weakest uptrend, while 10 represents the strongest.


If you have any further questions or require additional assistance, please write to support@vfxalert.com




 

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