About the NRP Trend Signal Forex Indicator
The NRP Trend Signal Forex Indicator for Metatrader 4 is a non-repaint technical tool designed to provide dependable buy and sell signals based on trend direction.
This indicator appears in a bottom chart window as a colored histogram.
Green histogram bars represent bullish trend conditions, while red histogram bars indicate bearish momentum.
By focusing on trend strength rather than short-term noise, the NRP Trend Signal helps traders stay aligned with the prevailing market direction.
The indicator can be traded as a standalone system or used as confirmation alongside price action, support and resistance, or other technical indicators.
Its non-repaint logic ensures that signals remain stable once printed, which is essential for consistent execution and backtesting.
Free Download
Download the “nrp-trend-indicator.ex4” MT4 indicator
Key Features
- Non-repaint buy and sell signals.
- Histogram-based trend direction display.
- Works on all currency pairs and timeframes.
- Suitable for standalone trading or confirmation use.
- Lightweight indicator with fast performance.
Indicator Chart
The NRP Trend Signal Forex Indicator is shown in a separate bottom window as a colored histogram.
Green bars highlight bullish market phases, while red bars signal bearish conditions, allowing traders to follow trend direction and time entries with confidence.
Guide to Trade with NRP Trend Signal Forex Indicator
Buy
- Wait for the first green histogram bar to appear on the indicator.
- Open a buy trade after the signal bar closes.
- Trade in the direction of the broader market when possible.
Sell
- Wait for the first red histogram bar to appear on the indicator.
- Open a sell trade after the signal bar closes.
- Avoid selling directly into major support levels.
Stop Loss
- Place the stop loss below short-term support for buy trades.
- Place the stop loss above short-term resistance for sell trades.
- Adjust stop placement during high volatility sessions.
Take Profit
- Target a fixed risk-to-reward ratio of 1.5.
- Close the trade when an opposite histogram color appears.
- Partial profits can be secured during strong trends.
NRP Trend Signal + Elite Pro Forex Scalper MT4 Strategy
This scalping setup combines the NRP Trend Signal Indicator for MT4 and the Elite Pro Scalper Indicator for MT4.
The NRP Trend Signal determines overall direction using its color-coded histogram — green for bullish conditions and red for bearish phases.
The Elite Pro Scalper then refines entries with precise arrows that highlight short-term momentum shifts within the trend.
This strategy works best on M1 to M15 charts and is most effective on high-volume pairs such as EURUSD, GBPJPY, and USDCHF.
It’s well-suited for intraday traders who want to scalp 10–25 pips at a time while maintaining strict risk control and a trend-following bias.
Buy Entry Rules
- Wait until the NRP Trend Signal histogram turns green, confirming a bullish market phase.
- Look for a blue arrow from the Elite Pro Scalper, which signals the start of a new upward move.
- Enter a buy trade on the candle immediately following the blue arrow.
- Place a stop loss 8–15 pips below the recent swing low.
- Take profit when the price reaches the upper short-term resistance zone or when a red arrow appears — whichever comes first.
Sell Entry Rules
- Confirm that the NRP Trend Signal histogram has turned red, indicating a bearish environment.
- Wait for a red arrow from the Elite Pro Scalper to confirm downside momentum.
- Enter a sell trade on the next candle after the red arrow appears.
- Place a stop loss 8–15 pips above the recent swing high.
- Take profit when the price reaches the nearest support area or when a blue arrow forms in the opposite direction.
Alternative Take Profit Rule
Instead of targeting fixed pip levels, you can use a dynamic approach:
- Set your first target at 1.5 times your stop loss distance (e.g., 15 pips stop = 22 pips target).
- Close 50% of the position at the first target and move the stop loss to breakeven.
- Let the remaining 50% run until the NRP Trend Signal histogram changes color or the Elite Pro Scalper prints an opposite arrow.
Advantages
- Combines trend confirmation and precision entry signals.
- Perfect for short-term, high-frequency traders.
- Reduces false entries by requiring both indicators to agree.
- Clear visual cues make it beginner-friendly and efficient.
Drawbacks
- Signals can appear frequently, which may tempt overtrading.
- Performance weakens in range-bound or choppy markets.
- Requires fast execution to capture short-term momentum moves.
Case Study 1 – EURUSD M5
In the early London session, the NRP Trend Signal histogram turned green while the Elite Pro Scalper printed a blue arrow at 1.0782.
A buy trade was entered with a 10-pip stop.
Price rallied to 1.0804 within 20 minutes, hitting a 22-pip gain before the next red arrow appeared.
Half the position was closed early, while the rest was trailed to capture a total of +27 pips.
Case Study 2 – USDCHF M15
During New York hours, the NRP Trend Signal switched red while the Elite Pro Scalper printed a red arrow at 0.9115.
A sell trade followed, with a 12-pip stop and an initial 18-pip target.
Price dropped sharply to 0.9090, producing +25 pips before momentum faded.
An exit was triggered when a blue arrow signaled an early reversal, preserving most of the profit.
Strategy Tips
- Trade only when both indicators agree — direction and signal must match.
- Prefer volatile market sessions (London and New York overlap).
- Avoid low-volume hours when the histogram remains flat.
- Use tight stops and dynamic profit-taking to protect capital.
- Monitor higher timeframes like H1 to ensure your scalp is aligned with the main trend.
Download Now
Download the “nrp-trend-indicator.ex4” MT4 indicator
FAQ
Can this indicator be used on lower timeframes?
Yes, it performs well on lower timeframes, especially when combined with basic market context.
Can it be combined with other indicators?
It works well with price action tools, moving averages, and support and resistance analysis.
Summary
The NRP Trend Signal Forex Indicator for MT4 offers a reliable way to trade trend direction using non-repaint histogram signals.
Its simplicity, flexibility, and consistent behavior make it a practical choice for traders who value disciplined trend-based trading.
Whether used alone or as part of a broader strategy, this indicator helps traders stay aligned with momentum and manage trades with greater confidence.
