What is the Trend Strength Indicator for MT4?

The trend strength indicator (TSI) is a technical analysis tool that helps traders understand how strong or weak a market’s current trend is. The TSI uses the histogram to visualize the number of stocks moving higher or lower compared to the average price of currencies over a given period. A rising TSI indicates that more currencies are trading above their recent high, while a falling TSI suggests that more currencies are trading below their recent low.

Trend Strength Indicator

Download the Free Trend Strength Indicator

How to use the Trend Strength Indicator for MT4?

To use the Trend Strength Indicator in MT4,  open your Forex chart and locate the indicator panel (usually near the top-left corner). Next, select “Indicators” from the menu bar at the top of your screen and click on “Trend Strength.” You will then see a histogram and an interactive graph showing how often different price levels have been touched over time. This information can help you determine which direction a trend is moving in and when it might be appropriate to make trades.

Trend Strength Indicator MT4 trading settings

The settings of the FTSI depend on whether you are using a demo or live account. If you are using a demo account, then you must enter your historical data into the FTSI’s history tab. After that, set up your parameters in the trend strength tab. On the other hand, if you are using a live account, then you need to connect it to your broker’s platform and input your current market conditions into its market condition window.

Once both steps have been completed, click “Start Trading.” The FTSI will automatically generate signals based on your entered data and market conditions.

Trend Strength Indicator Advantages

Forex trend strength indicator (FTSI) is a popular technical analysis tool used to identify trends in the currency markets. It uses indicators such as moving averages, stochastics, and MACD to help traders make better decisions.

There are several advantages to using FTSI over other Trend Analysis Tools.

-It is simple and easy to use, making it accessible to all levels of traders.

-It can be used with any Forex pair, which makes it an ideal option for hedging or day trading strategies.

-FTSI provides real-time updates on the current market conditions, so you always have up-to-date information at your disposal.

Trend Strength Indicator Disadvantages

Many traders use the forex trend strength indicator to help them make trades. However, there are a few disadvantages to using this type of indicator. Here are four of the most common ones:

1. It can be challenging to determine when the trend has ended.

2. It is often inaccurate in predicting future price movements.

3. It may lead you to make erroneous trade decisions based on false assumptions about how strong the current trend is.

4. Too much reliance on this indicator can lead you to neglect other important information that could influence your trading decision-making process.

TS Indicator installation on MT4

To install a trend strength indicator on the MetaTrader 4 (MT4) platform, you will need to follow these steps:

  1. Download the indicator file in .ex4 format
  2. Open the MT4 platform and go to the “Navigator” window
  3. In the Navigator window, click on the “Expert Advisors” tab and then click on the “Browse…” button
  4. Locate the indicator file on your computer and double-click on it to install it
  5. The indicator should now be available in the “Navigator” window under the “Custom Indicators” tab
  6. Drag and drop the needle onto a chart to use it.

It’s always a good idea to test the indicator on historical data before using it on live markets and to read the documentation provided by the developer to understand how the indicator measures trend strength, what type of analysis it is based on, and how to interpret the signals it gives.

It’s also important to note that using an indicator alone is not a guarantee of success in trading. Using indicators as part of a broader trading strategy that considers other factors such as risk management, market analysis, and other indicators is recommended.

Trend Strength Indicator mt4

Trend Strength Indicator mt4 free download


Trend strength indicators can help forecast future price movements, but using them cautiously is essential due to the potential risks involved.

Author: Dominic Walsh

I am a highly regarded trader, author & coach with over 16 years of experience trading financial markets. Today I am recognized by many as a forex strategy developer. After starting blogging in 2014, I became one of the world's most widely followed forex trading coaches, with a monthly readership of more than 40,000 traders! Make sure to follow me on social media: Instagram | Facebook | Linkedin | Youtube| Twitter | Pinterest | Medium | Telegram Channel | Quora | Reddit

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