THV Trix V6.01 Indicator for MT4 – Advanced Divergence & Convergence Trading Tool
The THV Trix V6.01 Indicator for MetaTrader 4 is a powerful technical analysis tool specifically designed for divergence and convergence trading strategies. It provides precise BUY and SELL arrow signals based on bullish and bearish divergence or convergence patterns, helping traders identify potential market reversals with clarity.
One of its standout features is the ability to automatically draw divergence and convergence lines directly on the price chart while simultaneously displaying TRIX behavior in a separate indicator window. This dual visualization enhances accuracy and simplifies trade decision-making.
How the Indicator Works
The THV Trix V6.01 generates trading signals when it detects:
Bullish Divergence → Green BUY arrow
Bearish Divergence → Red SELL arrow
Classic or Reverse Convergence Patterns
Signals are further confirmed by the crossover of the THV TRIX lines, as well as interaction with the TRIX zero line. This multi-layer confirmation structure helps reduce false entries and strengthens trade reliability.
For example, on an EURUSD H1 chart, the indicator clearly highlights divergence patterns in both the price chart and indicator window, allowing traders to visually validate setups before entering the market.
Trading Strategy Approach
SELL Setup
Red arrow appears after detecting classic or reverse divergence/convergence
Confirmation occurs when THV TRIX lines cross
Stop Loss: Above the previous swing high
Take Profit: Upon opposite TRIX crossover or key support level
BUY Setup
Green arrow appears after bullish divergence confirmation
Entry confirmed by TRIX line crossover
Stop Loss: Below previous swing low
Take Profit: On opposite crossover or resistance level
This structured confirmation method makes the indicator suitable for disciplined technical trading strategies.
Key Features
Automatic divergence and convergence detection
BUY and SELL arrow signals
TRIX line crossover confirmation
Zero-line validation filter
Visual divergence lines plotted on chart
Works on all timeframes
Suitable for intraday and long-term trading
Beginner-friendly and advanced trader compatible
Free to download and easy to install
Final Verdict
The THV Trix V6.01 Indicator for MT4 is a highly effective divergence-based trading tool that combines visual clarity with structured confirmation logic. Whether used for Scalping, intraday setups, or swing trading, it provides consistent technical insights across all market conditions.
Its automatic divergence detection, crossover confirmation, and dual-window visualization make it a valuable addition to any technical trader’s toolkit — especially for those focused on reversal trading strategies.
