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Trend Following Candlestick Metatrader 4 Indicator

This special candlestick indicator is trend following in nature. It draws bullish and bearish candlesticks on any currency chart.

This is a great indicator to find lower-risk price entries in an existing trend.

Trading Signals

Buy: Wait for the first green candlestick.

Sell: Wait for the first pink candlestick.

Use in conjunction with other trading indicators.

Indicator Preferences

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

Download

Download the trendcandlestick.mq4 indicator.

Configurable Indicator Options

Colors

GBP/USD 1 Hour Chart Example

trend-following-metatrader4-indicator

How to install the Trend Following Candlestick custom indicator in Metatrader 4?

  • Download the trendcandlestick.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.