The Stealth Trend Forex indicator for Metatrader 4 provides high-probability trend trading signals and works for trade entries and exits.
The indicator pops up in a separate MT4 chart window as green and red trend bars.
The Stealth indicator is a very reliable technical oscillator, lightweight, and will not slow down your trading platform.
Buy & Sell Trade Example
- Open a long trade as soon as the Stealth indicator starts painting the green colored trend bar.
- Open a short trade as soon as the Stealth indicator starts painting the red colored trend bar.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “Stealth oscillator.mq4” indicator for MT4
Indicator Chart (EUR/USD M30)
The picture below shows the Stealth Trend Forex mt4 indicator in action on the trading chart.
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: Oscillator
Does the indicator repaint? No.
Stealth Trend + MA Trend Dashboard Forex Day Trading Strategy
This day trading strategy combines the Stealth Trend Forex Indicator MT4 and the Moving Average Trend Dashboard MT4.
The Stealth Trend indicator provides real-time trend bars: green bars signal bullish momentum, while red bars indicate bearish momentum.
The MA Trend Dashboard consolidates multiple time frames and shows buy trends when most time frames display blue arrows and sell trends when most display red arrows.
Using both indicators together allows traders to enter trades aligned with intraday momentum and broader trend direction.
This strategy is designed for day trading on M5, M15, and M30 charts.
It is suitable for all currency pairs but works best on majors with good liquidity, such as EURUSD, GBPUSD, and USDJPY.
Buy Entry Rules
- Check that the MA Trend Dashboard shows a majority of blue arrows across multiple time frames, indicating an overall bullish trend.
- Wait for the Stealth Trend indicator to start painting a green trend bar on your selected chart.
- Enter a long trade at the close of the first green bar.
- Place a stop loss below the recent swing low or a nearby support level.
- Take profit targets: 15–30 pips on M5, 25–40 pips on M15, and 40–60 pips on M30 charts.
Sell Entry Rules
- Check that the MA Trend Dashboard shows a majority of red arrows across multiple time frames, indicating an overall bearish trend.
- Wait for the Stealth Trend indicator to start painting a red trend bar on your chart.
- Enter a short trade at the close of the first red bar.
- Place a stop loss above the recent swing high or a nearby resistance level.
- Take profit targets: 15–30 pips on M5, 25–40 pips on M15, and 40–60 pips on M30 charts.
Advantages
- Combines momentum and multi-time frame trend confirmation for higher probability trades.
- Applicable to multiple time frames and currency pairs for flexible trading.
- Helps avoid counter-trend trades by requiring trend alignment across multiple time frames.
- Supports disciplined stop loss and take profit levels for intraday trading.
Drawbacks
- Trend confirmation from multiple time frames may delay entries in fast markets.
- Stop losses may be hit during brief retracements before trend continuation.
Case Study 1: EURUSD M15 – London Session
During the London session, the MA Trend Dashboard showed the majority of time frames with blue arrows, confirming a bullish trend.
The Stealth Trend indicator printed a green bar at 1.1023.
A buy trade was entered with a stop loss at 1.1010.
Price rose to 1.1052 within 45 minutes, yielding a 29-pip profit.
The combination of trend confirmation and momentum indicator improved trade accuracy.
Case Study 2: GBPUSD M5 – New York Session
GBPUSD on the M5 chart displayed the MA Trend Dashboard with most time frames showing red arrows, signaling a bearish trend.
The Stealth Trend indicator painted a red bar at 1.2785.
A sell trade was entered with a stop loss at 1.2795.
Price declined to 1.2758 in 35 minutes, resulting in 27 pips profit.
Strategy Tips
- Trade only when both the Stealth Trend indicator and the MA Trend Dashboard align.
- Avoid trading in choppy or range-bound markets where trend signals frequently flip.
- Adjust take profit and stop loss according to the chart time frame and market volatility.
- Focus on major currency pairs with high liquidity for more reliable signals.
- Maintain consistent risk management, keeping risk per trade between 1–2% of account balance.
By combining the Stealth Trend Forex Indicator MT4 with the MA Trend Dashboard MT4, traders can effectively spot intraday trends and trade in the direction of momentum, increasing the likelihood of successful day trades.
Consistent profits are achieved through careful alignment of signals, disciplined risk management, and patient trade execution.
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Download the “Stealth oscillator.mq4” indicator for Metatrader 4
