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Forex Trend Scanner Indicator For MT4

    The Forex Trend Scanner indicator for MT4 follows the overall Forex trend and draws red and green signal candlesticks on the charts.

    Green for a bullish trend and red for a bearish trend.


    • Lime colored candlesticks: strong up trend
    • Green colored candlesticks: weak uptrend
    • Red colored candlesticks: strong down trend
    • Maroon colored candlesticks: weak down trend

    Forex Signals

    Buy: Lime candlestick

    Sell: Red candlestick

    Trading Tip

    Always trade in agreement with the overall trend.

    For example, first define the trend on the higher time frame with a moving average then use the lower time frame to enter the trade with the Forex trend scanner indicator.


    Trend up on the 15 min chart ==> Lime colored bullish candlestick on the 5 min chart ==> Go long.
    Trend up down on the 5 min chart ==> Red colored bearish candlestick on the 1 min chart ==> Go short.

    Indicator Preferences

    Currency pairs: Any

    Preferred Time frames: Suitable for 1 min charts and higher.

    Sessions: any


    Download the forextrendscanner.mq4 indicator.

    Configurable Indicator Options

    Colors, sensitivity

    EUR/USD H1 Chart Example


    How to install the Forex Trend Scanner custom indicator in Metatrader 4?

    • Download the forextrendscanner.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.