Absolutely Free - Float MetaTrader indicator
(source: available for free on some free Forex websites)

Float MetaTrader indicator a sophisticated indicator that analyzes the previous chart history for the given currency pair and then tries to analyze the trends in the current situation. It shows the trends' beginnings and ends in a separate chart window and the Fibonacci retracement levels combined with the DiNapoli levels on the main chart. It also displays how long ago the local high and low were detected. The indicator is available in MT4 version.

Input parameters:

As you can see, the trend's beginning and the end are marked clearly on the chart with this indicator. You can attach it and wait for the beginning of the next trend and then decide whether to buy or sell. Fibonacci retracement levels can be used for the target and stop-loss levels.

Download: 100% Free - Float MetaTrader indicator (ZIP)