The Forex Trend Supreme Filter indicator for MT4 can be used as a trend filter to follow the overall trend of any currency pair.
A long trade will be initiated when the the overall trend goes up and the indicator changes color from dark orange to lime green.
On the contrary, a short trade will be initiated when the the overall trend goes down and the indicator changes color from lime green to dark orange.
Trading Signals
Buy:
Lime green colored bars. Look to buy when the overall trend of the currency pair is bullish.
Sell:
Dark orange colored bars. Look to sell when the overall trend of the currency pair is bearish.
Indicator Preferences
Currency pairs: any
Time frames: any
Trading sessions: any
Download
Download the Forexprofitsupremefilter.mq4 indicator.
Configurable Indicator Options
Colors, smooth period, smooth phase, alerts (sound, email, message)
GBP/USD H1 Chart Example
How to install the Forex Trend Supreme Filter custom indicator in Metatrader 4?
- Download the Forexprofitsupremefilter.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.