The short-term trend following signal indicator for Metatrader 4 uses a secret trading formula to generate buy & sell signals on the chart.
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
How to install the Short-Term Trend Following custom indicator in Metatrader 4?
- Download the Trend_Signal.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.