Flat Trend SMC Indicator MT4 helps traders quickly identify market trends through color changes of the bars displayed in a separate indicator window. It is built using Moving Average calculations to reflect trend direction clearly.
Introduction to Flat Trend SMC Indicator MT4
The Flat Trend SMC Indicator works based on changes in three Moving Averages: a fast MA, a medium MA, and a slow MA. All three MA parameters can be adjusted in the indicator’s Inputs settings.
Basic Trend Identification
Trend direction is identified as follows:
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Green bars: Indicate an uptrend
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Red bars: Indicate a downtrend
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Yellow bars: Indicate an unclear or ranging market, often signaling a potential upcoming trend change
The yellow bars help traders identify potential trend reversals early, which will be explained in more detail below.
Entry Rules
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BUY when the bar changes from yellow to green
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SELL when the bar changes from yellow to red
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Exit trades when the bars change color
You can combine the Flat Trend SMC Indicator with other indicators within a trading system to achieve better results.
Indicator Settings Guide
