Four Time Frames Asctrend is a custom-built Metatrader 4 trend indicator that provides accurate signals with the help of 4 different time frames.
The indicator pops up in a separate MT4 chart window in the form of 4 colored red/blue trend bars.
Buy & Sell Trade Example
- A buy signal occurs as soon as all 4 trend bars are colored blue (strong uptrend).
- A sell signal occurs as soon as all 4 trend bars are colored red (strong downtrend).
The Four Time Frames Asctrend indicator can be used for both trade entry and exit, or as an additional confirmation filter for other strategies and systems.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “four-time-frames-asctrend.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The example chart below displays the Four Time Frames Asctrend 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 Four Time Frames Asctrend 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: Trend signals
Does the indicator repaint? No.
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Download the “four-time-frames-asctrend.mq4” indicator for Metatrader 4
