The Forex Market Profile Trend Lines indicator for Metatrader 4 provides powerful market insights in both trending and sideways-moving markets.
The indicator appears in the main trading chart as an array of colored blue bars and trend lines.
The gray colored trend lines can be used for long and short trade entries.
Key Points
- Works for any currency pair.
- It might help with trade entries and exits.
- Non-repaint indicator.
Free Download
Download the “marketprofile-trend-lines-indicator.ex4” MT4 indicator
Indicator Chart (EUR/USD M15)
The EUR/USD 15-minute chart below shows the Forex Market Profile Trend Lines indicator in action.
Basic Trading Signals
Signals from the Forex Market Profile Trend Lines indicator for Metatrader 4 are easy to interpret and goes as follows:
BUY:
- A buy trade occurs when the price closes above the upper gray trend line.
- Place a stop loss just below the most recent support.
- Close the buy trade near previous resistance, or utilize your own trade profit strategy.
SELL:
- A sell trade occurs when the price closes below the lower gray trend line.
- Place a stop loss just above the most recent resistance.
- Close the sell trade near previous support, or utilize your own trade profit strategy.
Market Profile Trend Lines + Trend Logic Forex Scalping Strategy
This MT4 scalping strategy pairs the Forex Market Profile Trend Lines Indicator with the Trend Logic MT4 Indicator.
The Market Profile Trend Lines tool gives trading signals — price above the upper grey trend line signals a bullish breakout; below the lower grey trend line signals a bearish breakout.
Trend Logic confirms direction: green line for bullish, red line for bearish.
Using both gives breakout plus trend confirmation for short-term scalps.
This strategy is best used on M5 or M15 charts, suitable for scalpers comfortable with quick trades.
Trade during active sessions (London/New York) for volatility.
Buy Entry Rules
- Price breaks above the upper grey trend line from the Market Profile Trend Lines indicator.
- Trend Logic shows a green line (bullish trend).
- Enter buy at market once both conditions are met.
- Stop-loss a few pips below the breakout point or the recent swing low/lower grey line.
- Take profit at the nearby resistance zone or fixed pip target (8-15 pips), or exit when Trend Logic turns red.
Sell Entry Rules
- Price breaks below the lower grey trend line from the Market Profile Trend Lines indicator.
- Trend Logic shows a red line (bearish trend).
- Enter sell at market once both conditions are met.
- Stop-loss a few pips above the breakout point or recent swing high/upper grey line.
- Take profit at the nearby support zone or fixed pip target (8-15 pips), or exit when Trend Logic turns green.
Advantages
- Clear entry triggers with breakout plus trend confirmation.
- Designed for quick scalping trades.
- Works across multiple pairs and time frames with volatility.
- Avoids counter-trend trades by requiring trend confirmation.
Drawbacks
- Scalping requires fast decision-making and tight risk management.
- Riskier around news releases or volatile sessions.
Example Case Studies
Case Study 1 – EUR/USD M5
On 12 July at 10:05 GMT, EUR/USD was consolidating near 1.0980.
The price broke above the upper grey trend line at 1.0987, signaling a bullish breakout.
The Trend Logic indicator confirmed the move with a green line.
A buy order was entered at 1.0988. The stop-loss was set at 1.0980, just below the breakout point and recent swing low.
The price moved steadily upward, reaching the next resistance level at 1.1005, capturing 17 pips within 40 minutes.
The Trend Logic line remained green during the move, confirming the trend and reducing the risk of a false breakout.
Case Study 2 – AUD/USD M15
On 15 August, around 14:30 GMT, AUD/USD was testing support at 0.6735.
The price broke below the lower grey trend line at 0.6732, giving a bearish breakout signal.
The Trend Logic line turned red, confirming the bearish trend. A sell order was entered at 0.6731.
The stop-loss was placed at 0.6740 above the breakout level.
Price quickly moved downward, hitting the next support at 0.6715, producing a gain of 16 pips in 50 minutes.
The trade was held until the Trend Logic line turned green, ensuring exit before any potential reversal.
Case Study 3 – GBP/USD M5
On 20 August at 09:15 GMT, GBP/USD approached the upper grey trend line at 1.2500.
The price broke above this level at 1.2503, signaling a buy.
Trend Logic confirmed with a green line. Buy order executed at 1.2504. Stop-loss placed at 1.2495.
The price surged to the next pivot resistance at 1.2520, giving a 16-pip gain within 35 minutes.
Trend confirmation prevented entering during the minor pullback that occurred immediately after the breakout.
Strategy Tips
- Trade during high liquidity and volatility periods.
- Only take trades when both breakout and trend confirmation align.
- Set stop-loss tight but allow room for breakout.
- Manage spread and broker execution carefully on short time frames.
- Use trailing stops on strong moves.
- Backtest to determine pip target and risk per pair/time frame.
Download Now
Download the “marketprofile-trend-lines-indicator.ex4” MT4 indicator
Adjustable Parameters & Settings
Look back, profile, daily profile data, tick size, colors, width, style.
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
More Info About This Indicator
Supported currency pairs: Any
Trading Platform: Metatrader 4 (MT4)
Time Frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: Market analysis
