The Trend Signal Metatrader 4 forex indicator is a superb technical indicator that offers traders information pertaining to the trend at a very quick glance.
It provides an uncluttered market view regarding price action.
The indicator pops up in the form of green upward and red downward pointing arrows, where they’re shown to point in the direction of bullish and bearish market sentiments, respectively.
The smart display of arrows on the activity chart will give users an instant insight into the current trend and its direction on all time frames.
It makes following major/minor trends even easier.
Its predefined settings might need a little bit of tweaking to work better, especially when increasing the value of the “Length” Variable.
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Download the “trend-signal.ex4” MT4 indicator
Indicator Chart (CAD/JPY H1)
The CAD/JPY H1 chart below displays the Trend Signal Metatrader 4 forex indicator in action.
Basic Trading Signals
- Buy Signal: Go long when the green upward-pointing arrow of the Trend Signal Metatrader 4 forex indicator pops up slightly below the candles.
- Sell Signal: Go short when the red downward-pointing arrow of the Trend Signal Metatrader 4 forex indicator gets displayed fairly above the price bars.
- Exit buy trade: Close all buy orders while a bullish trend is ongoing, the red downward-pointing arrow of the Trend Signal indicator gets spotted on the chart.
- Exit sell trade: Close all sell orders while a bearish trend is running, the green upward-pointing arrow of the Trend Signal indicator pops up on the chart.
- Tips: In order to maximise winning potentials, additional filters should be added to the trade setup, i.e., ADX and an MA Crossover filter or price action methods.
MT4 Trend Signal and Scalping Arrow Forex Strategy
This strategy combines the Trend Signal MT4 Indicator and the Best Forex Scalping Indicator for MT4.
It is designed for traders who want fast and clear entries, especially during active intraday market conditions.
The trend indicator shows the general trend direction using green arrows for buy trends and red arrows for sell trends.
The scalping indicator provides blue arrows for buy signals and red arrows for sell signals.
When combined, they give a simple but effective short-term strategy that works on M1 to M15 charts.
This approach works well because it filters trades with the broader trend and waits for a precise scalping signal before entering.
It improves timing, reduces hesitation, and provides a structured way to scalp without confusion.
The strategy is suitable for both beginners and advanced traders who want a clean rule set for quick entries.
Buy Entry Rules
- The Trend Signal indicator must show a green arrow, confirming a buy trend.
- Wait for the Scalping Indicator to print a blue arrow as the buy signal.
- Enter the trade immediately after the blue arrow closes.
- Place the stop loss below the most recent swing low.
- Set take profit at 1.5 to 2 times the stop loss distance or close at the next opposite signal.
Sell Entry Rules
- The Trend Signal indicator must show a red arrow, confirming a sell trend.
- Wait for the Scalping Indicator to print a red arrow as the sell signal.
- Enter the trade after the candle closes with the red arrow.
- Place the stop loss above the most recent swing high.
- Set take profit at 1.5 to 2 times the stop loss distance or exit at the next opposite arrow.
Advantages
- Simple visual confirmation for both trend direction and entry timing.
- Works on lower time frames for fast results.
- Reduces false entries by combining two independent indicators.
- Suitable for all currency pairs with steady volatility.
- Clear stop loss and take profit placement.
Drawbacks
- May give fewer signals during slow market sessions.
- Not ideal for trading during high-impact news events.
- Requires disciplined trade management due to fast chart movement.
- Trending conditions are required for the best results.
Example Case Study 1
On the EURUSD M5 chart, the Trend Signal indicator printed a green arrow during the London session.
About three candles later, the Scalping Indicator printed a blue arrow, confirming the entry.
The stop loss was placed 8 pips below the swing low.
The pair moved steadily upward, and the take profit was reached at 16 pips.
The move continued even further, but the structured exit already delivered a strong result without stress.
This trade shows how waiting for both confirmations improves consistency.
Example Case Study 2
On GBPJPY M1, a red Trend Signal arrow appeared at the start of a fast downward move.
The Scalping Indicator printed a red arrow shortly after.
A sell entry was taken with a 10 pip stop loss above the nearest high.
Because GBPJPY is more volatile, the take profit was set at 20 pips.
The market continued dropping quickly, and the target was hit within a few minutes.
Strategy Tips
- Focus on active market hours because these signals perform better with momentum.
- Always wait for both indicators to align before entering.
- If the Scalping Indicator gives a signal against the trend, ignore it.
- Avoid trading when the candles are extremely small or the market is flat.
- Consider closing trades early when the price reaches a major support or resistance zone.
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Download the “trend-signal.ex4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern indicator
Customisation options: Variable (Length, Risk, LabelSize), width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: trend
