Forex Trend Defender MT4 Indicator

Forex Trend Defender MT4 Indicator:

About the Forex Trend Defender MT4 Indicator

The TrendDetector indicator is designed for complex economic analysis of any currency pair, metal or stock.
Ease of use lies in the fact that the trend is visually determined by the position of the price relative to the lines.
  • If the price is above the red line, then BUY.
  • If the Price is below the red line, then SELL.
In order to trade confidently only in the direction of the trend, 2 trend lines have been added.
  • If yellow is higher than the price, then the Middle trend is down.
  • If green is higher than the price, then the Grand trend is down
  • If yellow is lower than the price, then the Middle trend is up.
  • If green is lower  than the price, then the Grand trend is up.
You can trade on any TimeFrame, however, it shows weekly trends on the M30, which usually last from 1 to 14 days.
On M5, it shows the trends of the intraday. Here I personally use only the red line and only in the direction of the trend defined by the M30. This happens because the rule of trading is to determine the trend on a higher timeframe and enter with a short stop in its direction.
The red line represents the STOPs of trades, as well as the yellow line can be a stop.
Indicator parameters:
  • WIDTH – width of the red line in pips
  • Pipsfilter is a technical variable for plotting a line.
  • RedGoAlert – an alert to the red line when crossing it from any side.
  • MiddleAlert – yellow line alert
  • GrandAlert – Green line alert
How to use the indicator:
Load EUSUSD on М30 and work in the direction of the trend along the red line with a small stop.
The indicator is powerful and requires PC resources, at least 4 GB of RAM and a 2-core processor.

Test results:

Forex Trend Defender MT4 Indicator

Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

Other forex trading Expert Advisors

Leave a Comment