The AscTrend indicator for Metatrader 5 delivers trend trading signals for any currency pair and time frame.
The indicator is based on a proprietary trading strategy that follows the trend with great precision.
The buy and sell signals are beginner friendly and appear on the chart as colored circles that appear above and below the candlestick.
The indicator is solid, 100% non-repaint, and will not slow down your trading platform.
Key Points
- Buy/sell technical indicator
- Works for any currency pair
- Works for any time frame
- Programmed for Metatrader 5
Free Download
Download the “asctrend.mq5” indicator for MT5
Tips
Make yourself familiar with this trading indicator and fully understand how it works before using it in a real account.
Check out this complete guide on MT4 vs MT5 Indicators comparison.
Example Chart
The image below shows the AscTrend Forex indicator attached to the EUR/USD 5-minute trading chart.
Trading Signals
The AscTrend indicator for MT5 can be used in multiple ways, find a basic trading example below:
Buy Signal:
- Open a buy trade when the blue colored circle appears on the chart.
- Place your stop loss 2-3 pips below key support.
- Exit the buy trade for a fixed profit target or wait for a sell signal.
Sell Signal:
- Open a sell trade when the violet colored circle appears on the chart.
- Place your stop loss 2-3 pips above key resistance.
- Exit the sell trade for a fixed profit target or wait for a buy signal.
Download
Download the “asctrend.mq5” indicator (MT5)
How to install the AscTrend indicator in Metatrader 5?
- Copy the asctrend indicator file in the MT5 indicator folder
- Restart the trading platform
- Select and attach the indicator to any chart of your preference
How to remove the indicator from the chart?
- Click with your right mouse button in the chart
- Select the indicator list from the drop down menu
- Remove the indicator from the list
- Press close