The Brain Trend Metatrader 4 indicator displays interesting short-term support and resistance levels on the activity chart.
Resistance levels are marked with red styled dots while support levels are marked with blue styled dots.
This indicator is useful for scalping and intraday trading techniques.
Use the Brain Trend indicator in agreement with the overall trend or combine with simple price action methods (candlestick patterns, chart patterns,..).
- A buy signal occurs when price crosses and closes above resistance (red dots)
- A sell signal occurs when price crosses and closes below support (blue dots)
Free Download
Download the “brain-trend-indicator.ex4” MT4 indicator
Indicator Chart (GBP/USD M15)
The GBP/USD 15-Minute chart below displays the Brain Trend Metatrader 4 Forex indicator in action.
Basic Trading Signals
Signals from the Brain Trend MT4 forex indicator are easy to interpret and goes as follows:
Buy Signal: Initiate a long trade when price crosses and closes above resistance. Confirm the trade long with price action or other analysis methods.
Sell Signal: Initiate a short trade when price crosses and closes below support. Confirm the short trade with price action or other analysis methods.
Trade Exit: Use your own method of trade exit.
Brain Trend + Gann Trend Oscillator Forex Strategy for MT4
This MT4 strategy combines the support/resistance breakout signals of the Brain Trend indicator with momentum confirmation from the Gann Trend Oscillator MTF.
The Brain Trend indicator marks dynamic support and resistance zones, and trading signals appear when price crosses above or below these zones.
The Gann Trend Oscillator adds a layer of momentum validation: blue bars suggest bullish strength, violet bars indicate bearish pressure.
By combining breakout and momentum signals, this strategy aims to capture strong directional moves with improved probability.
It works best on short to medium timeframes such as M5, M15 or H1, and is suitable for traders who prefer clear, rule-based entries and exits on major currency pairs.
Buy Entry Rules
- Wait until price crosses and closes above a resistance level marked by red dots from Brain Trend.
- Confirm that the Gann Trend Oscillator shows blue bars at or near that close, indicating bullish momentum.
- Open a long trade at the open of the next candle after confirmation.
- Place a stop loss a few pips below the breakout candle low or just under the recently broken resistance level.
- Set take profit based on a risk-reward ratio of 1:2 (for example, if stop loss is 15 pips, aim for 30 pips).
- Alternatively, target the next major resistance zone from higher timeframe charting (H1/H4), whichever yields a larger potential gain.
Sell Entry Rules
- Wait until price crosses and closes below a support level marked by blue dots from Brain Trend.
- Confirm that the Gann Trend Oscillator shows violet bars at or just after that close to validate bearish momentum.
- Open a short trade at the next candle open after confirmation.
- Place a stop loss a few pips above the breakout candle high or just above the broken support level.
- Take profit with a risk-reward ratio of 1:2 or target the next significant support zone on a higher timeframe chart.
Advantages
- The strategy blends breakout signals and momentum confirmation, increasing trade quality.
- The Gann Trend Oscillator helps filter out false breakouts by validating strength before entry.
- Clear stop loss and take profit rules give disciplined risk management.
- The method can work across multiple currency pairs and on different timeframes.
- Suitable for intraday trading and swing-style moves depending on the timeframe and target.
Drawbacks
- In ranging or low-volatility markets price may bounce off support/resistance without follow-through, resulting in breakouts that fail.
- If momentum (Gann Oscillator) lags, you may enter late or miss stronger moves.
- Holding trades to reach higher timeframe zones increases exposure and may require more attention.
Case Study 1
On EURUSD M15 during a European session trend build-up, price closed above a red-dot resistance from Brain Trend.
Simultaneously, the Gann Trend Oscillator turned blue.
A long trade was entered at the next candle open. Stop loss was placed 12 pips below the breakout low.
Price advanced steadily and reached a higher H1 resistance zone about 28 pips above the entry.
The trade yielded +28 pips.
Case Study 2
On USDJPY H1, after a retracement inside a downward swing, price closed below a support marked by blue dots from Brain Trend.
At the same time, the Gann Trend Oscillator showed violet bars.
A short position was opened on the next candle open. Stop loss was placed 18 pips above the breakout high.
Over the next several hours price fell about 40 pips before touching a major support area on the H4 chart.
The trade closed with a 40-pip gain.
Strategy Tips
- If the Gann Oscillator bars switch quickly after entry, consider tightening the stop or partially closing to protect profit.
- Combine take profit zones with structural support/resistance from higher timeframes (H1/H4) for potentially larger moves.
- Keep risk per trade small relative to account size to withstand occasional false breakouts.
- Review trade history periodically and note which pairs and sessions work best with this setup.
Download Now
Download the “brain-trend-indicator.ex4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Chart pattern indicator
Customization options: Variable (Number of bars, Enable alerts) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: support | resistance
