The forex sideways trend indicator is made up of the popular ADX (D+ and D- values) indicator. It identifies both range and trending markets.
Trading Signals
BUY: Wait for the green Trend Buy arrow
SELL: Wait for the range Trend Sell arrow
RANGE: Wait for the purple Sideway Sell/Buy face
Download
Download the sidewaystrend.mq4 Metatrader 4 indicator.
Configurable Indicator Options
period_adx
USD/CHF 1 Hour Chart Example
NZD/USD 4 Hour Chart Example
How to install the Sideways Trend custom indicator in Metatrader 4?
- Download the sidewaystrend.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.