Short-Term Trend Following Forex Signal Indicator

A short-term trend following signal indicator for Metatrader 4. A green arrow signal: look to buy. A red arrow signal: look to sell.

Trading Signals

Buy signal: green arrow (buy at the next candlestick).
Sell signal: red arrow (sell at the next candlestick).

Use in conjunction with longer-term trend following indicators such as moving averages (50 SMA, 100 SMA, 200SMA, 50 EMA, 100EMA, 200 EMA).

Trade in the overall direction of the longer-term trend.

Indicator Preferences

Currency pairs: any
Preferred Time frames: any
Sessions: any

Download

Download the Trend_Signal.mq4 indicator.

Configurable Indicator Options

Length, Risk,…

USD/JPY Hourly Chart Example