Forex Trend Filter MT4 Indicator
This indicator can be used as a trend filter in order 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.
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.
Currency pairs: any
Time frames: any
Trading sessions: any
Configurable Indicator Options
Colors, smooth period, smooth phase, alerts (sound, email, message),…
GBP/USD H1 Chart Example