Hello Deriv Community,
Trend indicators aim to objectively evaluate the direction of the trend by smoothing out price data and representing it with a single line, such as a moving average. Because they smooth out the data, these indicators tend to lag behind price changes and are often referred to as trend-following indicators.
The Trend Indicator for MT5 is specifically designed to inform traders whether a particular asset is in an uptrend or downtrend so that they can adjust their market bias accordingly. The indicator is overlaid on a price chart and changes the colour of the price candles from brown to blue when the market trend shifts from down to up and vice versa.
Where to find the Trend Indicator
For MT5 PC application
- Log in to your MT5 account.
- Click Insert on the toolbar menu.
- Click Indicators.
- You will see the Trend Indicator.
For MT5 Web terminal
- Log into your MT5 account via the web terminal
- Click on the Indicator icon on the toolbar menu
- The Indicator information will be displayed
For MT5 Mobile application
- Log into your MT5 mobile application
- Click on the chart icon at the bottom of your screen
- Click in the middle of the displayed chart for the chart menu to appear
- Click on Indicators to see all indicators information
If you have any questions, please contact us via live chat or WhatsApp.