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They work by analyzing market data and generating signals that may indicate potential buying or selling opportunities. 28 Sep 1, 2023 · The ASC Trend indicator for MT5 shows the trend direction of the market. It highlights potential trend reversal zones of the price. When you first apply the indicator to your chart make sure you shrink it down It looks a lot better that way The indicator consists of 3 different Trend Meters and a Trend Bar which are used to confirm trend As a bonus Possible Momentum Setup entries based on Stochastics are marked as well, these are very The Prevailing Trend Indicator for MetaTrader 5 simply reflects the current trend by two distinct lines. This free-to-download indicator expertly scans currency pairs, detecting lucrative Harmonic patterns with exceptional accuracy. Reduces lag and provides early trend signals. 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