Indeed, the THV Trix V6.01 Indicator for MT4 is the best indicator for divergence and convergence trading. Especially, this Metatrader indicator provides BUY and SELL arrow signals upon BULLISH and BEARISH divergence and convergences. Additionally, the indicator plots the divergence and convergence lines simultaneously on the price chart.

Moreover, the indicator provides additional confirmation upon the crossover of the THV TRIX lines. As a result, the indicator provides the best trading signals for a technical trading strategy.

Obviously, the indicator works on all time frames and is suitable for new and advanced forex traders. Moreover, the indicator is free to download and easy to install.

THV Trix V6.01 Indicator For MT4 Trading Signals

For example, the above EURUSD H1 chart shows the Indicator for MT4 in action. Besides, a separate window displays the BULLISH and BEARISH divergences and convergences of the TRIX indicator. At the same time, the indicator plots them in the price chart.

To clarify, the indicator for MT4 displays the BUY and SELLS arrow signals in the indicator window. Forex traders can further validate these BUY and SELL signals by the crossover of the TRIX lines and the TRIX zero line.

A SELL signal is generated by a RED arrow on the indicator once there is a Classic or Reverse Convergence or Divergence. However, the signal is confirmed once the THV TRIX lines cross over. Then, forex traders can plan a technical trading strategy with a stop loss above the previous high with a take profit on the cross over in the opposite direction of the lines.

Oppositely, forex traders can take a BUY position once the indicator generates a GREEN arrow signal after confirming the crossover of THV TRIX lines.

Conclusion

Indeed, the THV TRIX V6.01 Indicator for MT4 is well suited for intraday and long-term technical trading strategy and all market conditions. Additionally, the indicator is free to download.