IX Power MT4 Indicator Review – A Game Changer for Trend Trading
The IX Power indicator for MetaTrader 4 is an innovative new tool that accurately determines the strength and direction of short, medium and long-term trends across various financial markets.
Developed by a team of professional traders, the indicator uses a proprietary algorithm to analyze current market conditions and identify emerging trends early. It then clearly displays this information visually on charts through colored histogram bars and easy-to-read signals.
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In testing, the IX Power indicator has proven extremely effective for trend trading strategies. It provides very reliable signals that allow traders to confidently enter trades in the direction of the prevailing trend.
Some key features that make this a game-changing indicator include:
- Clear visual signals identifying market trends
- Customizable settings to suit different trading timeframes and assets
- Works across forex, indices, commodities, stocks and cryptocurrencies
- Can be used alone or to confirm other indicators
- Available for MetaTrader 4 and 5 platforms
How IX Power indicator Work
The IX Power indicator comes as an installable file that is simple to add into the MetaTrader 4 or 5 platform.
| Installation | Very straightforward process taking only a few minutes |
|---|---|
| Compatibility | MetaTrader 4 and 5 on desktop, web and mobile |
| Assets | Forex, stocks, indices, commodities, cryptocurrencies |
Once installed, the indicator appears as a sub-window below the price chart showing green and red histogram bars along with trend direction labels.
Trend Strength Histogram
The histogram bars display the strength of the current trend. The higher the green bars, the stronger the uptrend. The lower the red bars, the stronger the downtrend.
Trend Direction Arrows
Arrows clearly indicate the direction of the emerging trend – up or down. These signals come early allowing sufficient time to enter trades.
Signal Line
A signal line shows potential trend changes. Crossing above indicates an emerging uptrend. Crossing below signals a new downtrend.
Overbought/Oversold Zones
Colored zones highlight overbought and oversold conditions. Trading within these zones increases risk and decreases probability of success.
Indicator Settings
The indicator comes with default settings optimized for the H1 and H4 timeframes. Users can customize parameters such as bar periods, overbought/oversold levels and signal sensitivity based on their trading style and timeframes.
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Customer Reviews
The IX Power indicator has been extensively backtested by the development team, showing high accuracy and reliability across various market conditions.
Real-world testing by beta users has also demonstrated the indicator’s ability to effectively determine trend strength and direction across different timeframes and financial instruments.
Here are some examples of feedback from traders using the IX Power indicator:
I tested this indicator over the past month across forex pairs and gold on the daily chart. The signals are very accurate overall. I could enter most trades in a timely manner and managed to catch some huge moves.”*
“As a cryptocurrency trader, I was looking for something to help me identify trends early on smaller timeframes. The IX Power indicator has worked nicely on the 15-min BTCUSD chart. I can see trends forming well ahead of time.”*
“I mainly trade stock indices on the 4-hour chart. After installing this indicator, I have more confidence in my trading. By only taking trades signaled by the indicator, my hit rate has gone up significantly this past quarter.
The wide applicability and positive feedback clearly demonstrates that the IX Power indicator can improve trend trading results across various markets.
IX Power indicator Conclusion
The IX Power indicator available for MetaTrader 4 has features making it a game changer for trend trading, including clear signals, customizable settings, wide asset compatibility, and proven performance through backtests and trader reviews.
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