Forex Trend Defender MT4 Indicator:
About the Forex Trend Defender MT4 Indicator
- If the price is above the red line, then BUY.
- If the Price is below the red line, then SELL.
- 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.
- 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
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)