The Fractals Trend indicator for mt4 (Metatrader 4) provides a clear overview of the major currency trend for any pair.
The indicator pops up in the main MT4 chart window as a colored trend-following line that provides trend direction.
The Fractals Trend indicator can help to pinpoint your next trade entry and exit in the direction of the major trend.
It can also be used as an additional trend confirmation filter for other strategies and systems.
Free Download
Download the “fractals-trend.mq4” indicator for MT4
Indicator Chart (EUR/USD Daily)
The example chart below displays the Fractals Trend mt4 indicator in action on the trading chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Fractals Trend Forex indicator.
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: Fractals
Does the indicator repaint? No.
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Download the “fractals-trend.mq4” indicator for Metatrader 4
