The Trend Session System represents an excellent combination between the dynamic moving average indicators and trend oscillator.
Besides, this system also examines the momentum behind the market trends which generates an extra confirmation of the upcoming price movement directions.
This system applies Snake and T3 moving averages for plotting crossover signals. It also involves Panah trend arrows and crossover marks for confirming trend signals.
The trend session vastly relies on the Heiken Ashi Plus indicator for detecting the market momentum avoiding main price candles.
Buy Signal Generation with Trend Session System
When you’re looking for a buying opportunity, first make sure the trend has got a bullish momentum. The Heiken Ashi plus candle turns blue and the snake MA moves above T3 for signaling a bullish trend.
The system also plots crossover trend signal and Panah trend arrows pointing to a bullish trend direction. Moreover, the price should be rejecting the channel support and swing upwards. Finally, the trend session bars turn blue means it’s time to go for a long entry.
Check Out: RoboForex No Deposit Bonus
Sell Signal Generation with Trend Session System
In a sell setup, the Heiken Ashi plus candle needs to be turned red and the snake MA should be moving below the T3 moving average.
As you can see in the above image, the price rejects the channel resistance and starts to decline following the bearish crossover signal.
During the same period, the trend session bars turn blue confirming a sell order signal. Hold sell orders until the oscillator bar turn blue and the price rejects channel support at the same time.
The Trend Session System is a multi-timeframe trading indicator. So it helps to anticipate both intraday and day trading signals. The system is configured for trading all forex currency pairs available for trading in MetaTrader 4 platforms.
However, you can modify its snake and T3 moving average periods for making it compatible with other instruments like stocks and cryptocurrencies.