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Most technical analysis today focuses on the closing price as the main piece of data that is analyzed. It can be utilized in any endorsed trading sessions. It is easy to see on a chart but most indicators simply cannot measure these types of condition because they are based on the closing price. Price Action Trend MT4 Indicator Download. I like to use an example of trying the weigh yourself on a scale. The main issue with that is the closing price is a moving target. There are various ways in which the Price Action Trend MT4 indicator can be used because this indicator will only tell you when to buy or when to sell, but it will not tell you where to put your protective stop loss or when. That is exactly what the closing price does. Sell Rules, when there is a zigzag, super signals sell arrow, and the stochastic oscillator has been downward below the 80 level.