The BSTrend indicator for MT4 shows you the prevailing currency trend for all currency pairs.
Blue bars indicate uptrend (0.0001). Violet bars indicate downtrend (-0.0001).
Trading Signals
BUY: Wait for the first blue bar.
SELL: Wait for the first violet bar.
Use in conjunction with trading oscillators such as MACD, ATR, RSI,…
Download
Download the BSTrend.mq4 indicator.
Configurable Indicator Options
period, colors
EUR/USD Daily Chart Example
How to install the BSTrend custom indicator in Metatrader 4?
- Download the BSTrend.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.