About the Silver Trend Indicator
The Silver Trend Indicator for MT4 is a trend-following tool that displays market direction directly on the active price chart.
It transforms the candlesticks themselves, making trend conditions easy to spot at a glance.
The indicator paints candles in two colors.
Blue candles indicate bullish price action, while red candles signal bearish momentum.
Silver Trend is designed for simplicity and speed.
The indicator adapts well across scalping, intraday, and swing trading environments when used with proper risk management.
Free Download
Download the “silver-trend.mq4” MT4 indicator
Key Features
- Colors price candles to reflect trend direction.
- Blue candles for bullish conditions.
- Red candles for bearish conditions.
- Works directly on the MT4 chart.
Indicator Chart
The chart shows the Silver Trend Indicator applied to price, where candlestick colors change based on trend direction.
Traders use the chart to stay positioned with momentum and quickly identify when market bias shifts from bullish to bearish or vice versa.
Guide to Trade with Silver Trend Indicator
Buy Rules
- Wait for the Silver Trend Indicator to paint a blue candlestick.
- Confirm that recent price action supports bullish momentum.
- Open a buy trade at the close of the blue candle.
- Remain in the trade while blue candles continue to appear.
Sell Rules
- Wait for the Silver Trend Indicator to paint a red candlestick.
- Confirm that bearish momentum is present.
- Open a sell trade at the close of the red candle.
- Hold the position while red candles remain on the chart.
Stop Loss
- Keep the stop outside recent price consolidation areas.
- Widen the stop slightly during high volatility sessions.
Take Profit
- Close the trade when the indicator prints an opposite candle color.
- Use nearby support or resistance levels as profit targets.
- Let trends run as long as candle color remains unchanged.
Silver Trend and Zero Lag Moving Average Forex Strategy for MT4
This MT4 forex strategy combines the candlestick-based signals of the Silver Trend Metatrader 4 Forex Indicator with trend confirmation from the Zero Lag Moving Average MT4 Indicator.
The Silver Trend indicator paints blue candlesticks for bullish setups and red candlesticks for bearish setups.
The Zero Lag Moving Average confirms the trend direction: price above the MA indicates bullish conditions, while price below the MA signals bearish conditions.
Combining both ensures trades are taken in alignment with the dominant trend, increasing the probability of successful entries.
This strategy is suitable for day trading on M5, M15, and H1 charts.
By focusing on the alignment of candlestick signals with the MA trend, traders can identify high-probability intraday opportunities.
Buy Entry Rules
- Price must be above the Zero Lag Moving Average, confirming a bullish trend.
- The Silver Trend indicator must paint a blue candlestick.
- Enter a buy trade at the close of the blue candlestick.
- Place the stop loss below the recent swing low or slightly below the Zero Lag MA.
- Set take profit near recent resistance levels or use a fixed target of 15–25 pips depending on the timeframe.
- Close the trade early if a red candlestick forms or price closes below the MA.
Sell Entry Rules
- Price must be below the Zero Lag Moving Average, confirming a bearish trend.
- The Silver Trend indicator must paint a red candlestick.
- Enter a sell trade at the close of the red candlestick.
- Place the stop loss above the recent swing high or slightly above the Zero Lag MA.
- Set take profit near recent support levels or use a fixed target of 15–25 pips depending on the timeframe.
- Close the trade early if a blue candlestick forms or price closes above the MA.
Advantages
- Combines candlestick signals with trend confirmation for higher probability trades.
- Visual and intuitive, allowing quick decision-making for intraday trades.
- Works across multiple timeframes and currency pairs, offering frequent trading opportunities.
- Dynamic trend confirmation reduces the risk of entering against the market direction.
- Simple rules make it accessible for beginner traders while providing value for experienced scalpers.
Drawbacks
- Performance can decline in ranging or low-volatility markets, resulting in more false signals.
- Requires constant chart monitoring on lower timeframes to act quickly on signals.
- Smaller profit targets are more vulnerable to spread and slippage, especially on volatile pairs.
- Effectiveness may vary across exotic currency pairs due to lower liquidity and higher spreads.
Case Study 1
On EURCHF M5 during the London session, price was above the Zero Lag MA, confirming a bullish trend.
A blue candlestick appeared on the Silver Trend indicator.
A buy trade was entered and later closed for 18 pips when the next resistance level was reached and a red candlestick formed, capturing a short-term intraday uptrend.
Case Study 2
On GBPJPY M15 during the New York session, price was below the Zero Lag MA, indicating a bearish trend.
A red candlestick appeared on the Silver Trend indicator.
A sell trade was initiated and closed for 43 pips when price approached the next support level and a blue candlestick appeared, successfully following the intraday downtrend.
Strategy Tips
- Focus on trades where the Silver Trend candlestick and Zero Lag MA are fully aligned for the strongest setups.
- Use M5 for fast scalping, M15 for balanced intraday trades, and H1 for longer-term moves within the day.
- Check higher timeframes before entering to ensure overall market direction supports the trade.
- Consider moving your stop loss to breakeven once a portion of the trade is in profit to protect gains.
- Partial profit-taking at key support and resistance levels can help lock in profits while leaving room for trends to run.
- Keep a trading journal to track which currency pairs and timeframes yield the most consistent results.
- Be patient and wait for clear confirmation from both the candlestick color and MA position before entering any trade.
- Use additional trend or volume filters if desired to refine entries and avoid whipsaws in choppy markets.
Download Now
Download the “silver-trend.mq4” Metatrader 4 indicator
FAQ
Is the Silver Trend Indicator suitable for beginners?
Yes, it is designed with simplicity in mind.
The candle color system makes trend direction easy to understand without complex settings.
Which timeframes work best with this indicator?
Silver Trend works across all timeframes. Lower timeframes suit scalping, while H1 and higher are better for swing trading.
Can I combine Silver Trend with other indicators?
Yes, many traders pair it with a longer-term trend indicator to filter trades and avoid countertrend setups.
Summary
The Silver Trend Indicator delivers a straightforward way to stay aligned with market direction by coloring price candles based on trend momentum.
Traders can immediately see whether buyers or sellers are in control, which helps reduce hesitation and overanalysis.
This makes the indicator especially useful on lower timeframes where fast decisions matter.
