Smart Trend mt4 Indicator is based on a colored trend line and a band. The colored line shows you the current market trend, the above band shows the overbought level and the lower band the oversold level. You want to look for a buy trade if the Smart Trend mt4 Indicator is in an uptrend (blue) and the price is in the oversold level (lower band). You want to look for a sell trade if the Smart Trend mt4 Indicator is in a downtrend (red) and the price is in the overbought level (upper band).
2 Likes
nice one thanks for sharing this
1 Like