The Forex Trend Power custom built trading indicator for Metatrader 4 follows the overall trend.
The indicator draws a trend following prediction line below the main trading window.
- A gold colored line indicates a bearish trend.
- A blue colored line indicates a bullish trend.
This indicator can be used to develop trend following strategies and systems.
Trading Signals
Buy: Wait for the Forex trend power indicator to turn from gold to blue color (bearish to bullish).
Sell: Wait for the Forex trend power indicator to turn from blue to gold color (bullish to bearish).
Recommended: Use in combination with an overbought/oversold oscillator to pinpoint entry and exit signals.
Indicator Preferences
Currency pairs: any
Preferred Time frames: Suitable for 1 min charts and above.
Sessions: Around the clock
Download
Download the fxtrendpower.mq4 indicator.
Configurable Indicator Options
Colors
How to install the Forex Trend Power custom indicator in Metatrader 4?
- Download the fxtrendpower.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.