Tidane MT4 Trend Indicator Download – Free | Forex Indicator Download – MetaTrader 4 Resource

The Tidane trend indicator is designed specifically to identify price direction in the MetaTrader 4 platform.

This trading tool uses two dynamic lines (green and orange) to visually represent price movements and provide trading signals when appropriate.

Tidane Trend Indicator Specification Sheet

The specifications of the Tidane trend indicator are as follows.

Tidane trend indicators at a glance

In this indicator, when the price breaks above the orange line, a green dot is formed, indicating the beginning of an uptrend, followed by the extension of the green dynamic line.

On the contrary, the opposite situation marks the beginning of a downtrend and a sell signal.

bullish trend conditions

According to the EUR/USD 1-hour chart, the price managed to break above the orange line (representing a downtrend) .

In this case, the appearance of the green dot is considered a signal to enter a buy position. Additionally, traders can use the area behind the green line as the stop loss (SL) level.

Bearish trend conditions

According to the Bitcoin (BTC) cryptocurrency chart, once the price falls below the green line (indicating an uptrend) , the red dots appear to indicate a selling trading opportunity.

After entering a sell position, the stop loss level can be set in the area behind the orange dynamic line.

Tidane Trend Indicator Settings

The Tidane trend indicator is set up as follows:

• Bollinger Bands Period: Bollinger Bands calculation period;
• Deviation: the standard deviation used to separate Bollinger Bands;
• Offset Factor: Offset factor used to adjust the visual position of the indicator line;
• Display signal mode: display signal and stop mode;
• Display line mode: Enable indicator line display on the chart;
• Nbars: the number of candles used for calculation;
• ALERT: Enable alerts;
• EMAIL: Send alerts by email;
• NOTIFICATION: Enable notification sending;
• MESSAGE_TIMEOUT: The time interval between alert messages;
• MESSAGE_SUBJECT: The default topic for alert messages.

Conclusion

Tidane Trend Indicator is an effective analysis tool . Technical analysis uses color-coded lines to visually display uptrends and downtrends.

This trading tool helps identify entry and exit points and provides a range for setting stop loss levels.