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Alpha Trend Prediction Forex Indicator

    Alpha Trend is an easy to use trend prediction Forex indicator for the Metatrader 4 platform.

    The Alpha Trend Spotter indicator predicts the trend for the next day or hour.

    Trading Signals

    Buy: Last bar must be green colored. Open a buy trade (1 day for daily time frame, 1 hour for hourly time frame).

    Sell: Last bar must be red colored. Open a sell trade (1 day for daily time frame, 1 hour for hourly time frame).

    No trade: Orange colored bar means sideways trend.

    Indicator Preferences

    Currency pairs: any

    Preferred Time frames: 1 hour and daily

    Sessions: any

    Download

    Download the alphatrendspotter.mq4 indicator.

    Configurable Indicator Options

    Daily period (default value: 5), colors

    EUR/USD H1 Chart Example

    alpha-forex-trend-spotter-indicator

    How to install the Alpha Trend Prediction custom indicator in Metatrader 4?

    • Download the alphatrendspotter.mq4 indicator to your computer.
    • Open your Metatrader 4 platform.
    • Open the data folder from the top menu.
    • Open the MQL4 folder.
    • Open the indicators folder.
    • Paste the indicator file in this folder.
    • Restart the trading platform.
    • Open any trading chart.
    • Attach the indicator to the chart.