Forex Trend Harvester MT4 Indicator

Forex Trend Harvester MT4 Indicator:

About the Forex Trend Harvester MT4 Indicator

Trend Harvester is yet another trend indicator with flat detection.

It uses price series and Moving Average for detecting market trend.
For better result I would recomend to play with parameters.
Lower periods will force to react to short trends.
Higher periods will try to show longer trands.
You can set the same period for Price Series and Moving Average for quick test.
You can also choose Moving Average type between “Regular” and “Zero Lag”.
“Zero Lag” type improves reaction to trend change.
Flat detector can be switched of by putting 0 (zero) to “Filter” input field.
I do play with this indicator usualy on M5 but propobly after some parameters optimization will also show good results on other time frames.
Price applied types are extended for price series with some extra types :

  • Average (high + low + open + close) / 4
  • Average median body (open + close) / 2
  • Trend biased price

Test results:

Forex Trend Harvester 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)

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