UFX Trend Multi Meter is a free Metatrader 4 indicator that identifies the major trend on both the H1 and D1 time frames.
The indicator might help you to identify great entry and exit points on the lower time frames.
Just add it to the chart and the colored signals will get displayed on the main chart window (see chart example below).
Buy & Sell Trade Example
- Open a buy trade when both trend signals are colored green.
- Open a sell trade when both trend signals are colored red.
Feel free to experiment with the indicator’s default input values.
The UFX Trend Multi Meter indicator does not repaint and works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “UFX TREND multiMeter.mq4” indicator for MT4
Indicator Chart (USD/CHF H1)
The example chart below displays the UFX Trend Multi Meter mt4 indicator in action on the trading chart.
After you downloaded and installed the indicator on the MT4 trading platform, it should look like the image as shown above.
Trading Tips:
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Trend signals
UFX Trend Multi Meter + SuperTrend NRP Swing Trading Strategy for MT4
This swing trading strategy combines the UFX Trend Multi Meter Indicator for MT4 with the SuperTrend NRP Forex Indicator for MT4 to capture medium-term trend reversals and ride strong
directional moves.
The method focuses on identifying the overall direction from higher time frames and aligning entries with the main trend using price action confirmation.
It’s ideal for traders who prefer fewer but higher-quality setups on H4 and D1 charts, holding trades for several days.
The UFX Trend Multi Meter provides multi-timeframe analysis, showing whether the H1 and D1 charts are bullish or bearish.
The SuperTrend NRP confirms entries by signaling shifts in momentum through color changes—green for buy and orange for sell.
When both indicators align, traders can confidently enter trades in the direction of the prevailing trend.
Buy Entry Rules
- Wait until both H1 and D1 rectangles on the UFX Trend Multi Meter are green, confirming a bullish trend across time frames.
- Confirm that the SuperTrend NRP line turns green on your chart.
- Enter a buy position on the next candle after confirmation.
- Place your stop loss below the most recent swing low or below the SuperTrend line.
- Take profit when the SuperTrend NRP line turns orange or when the price reaches a strong resistance zone.
Sell Entry Rules
- Wait until both H1 and D1 rectangles on the UFX Trend Multi Meter are red, confirming a bearish trend.
- Confirm that the SuperTrend NRP line turns orange.
- Open a sell position on the next candle after confirmation.
- Set the stop loss above the most recent swing high or above the SuperTrend line.
- Take profit when the SuperTrend NRP line turns green or when the price reaches a key support area.
Advantages
- Combines higher time frame trend confirmation with real-time price action for strong accuracy.
- Filters out noise and false entries common in lower time frames.
- Easy visual setup with clear color-coded trend identification.
- Allows swing traders to hold positions confidently for several days.
Drawbacks
- Fewer trade opportunities compared to scalping or intraday systems.
Case Study 1: EUR/JPY 4-Hour Chart
On EUR/JPY, both H1 and D1 rectangles on the UFX Trend Multi Meter turned green in mid-March.
Shortly after, the SuperTrend NRP shifted from orange to green, confirming a buy setup around 162.40.
The pair rallied steadily to 165.80, delivering around 340 pips in profit within four trading days.
The trade was exited once the SuperTrend turned orange, signaling exhaustion of momentum.
Case Study 2: GBP/USD Daily Chart
In August, GBP/USD displayed red rectangles on both H1 and D1 of the UFX Trend Multi Meter, indicating a bearish market.
The SuperTrend NRP confirmed the sell signal when its line turned orange near 1.2900.
The pair declined strongly to 1.2550 within one week, producing over 400 pips.
The strategy demonstrated clear synchronization between higher time frame momentum and real-time price confirmation.
Strategy Tips
- For swing trading, focus on H4 and D1 charts for confirmation and execution.
- Always check the UFX Trend Multi Meter first before taking trades; alignment between H1 and D1 is key.
- Use trailing stops to lock in profits during strong trending phases.
- Avoid trading during major economic events that could trigger sudden reversals.
- Combine this setup with candlestick confirmation for extra precision at entries.
Download Now
Download the “UFX TREND multiMeter.mq4” indicator for Metatrader 4
