About the Indicator
The ASC Trend Forex Indicator for MT4 is a user-friendly arrow-based tool that helps traders spot clear buy and sell opportunities on the chart.
With its distinctive Aqua and Magenta colored arrows, this indicator makes it easy to recognize trend shifts and time your entries with precision.
It’s highly popular among beginner and intermediate traders due to its visual simplicity and reliable performance.
Key Features of the ASC Trend Indicator
- Generates clear Buy and Sell signals via arrows
- Aqua arrow = Buy signal
- Magenta arrow = Sell signal
- Non-repainting signals
- Works on all major and minor forex pairs
- Compatible with all timeframes
How It Works
The ASC Trend indicator identifies shifts in trend momentum by analyzing price movements and volatility.
When bullish conditions are detected, it prints an Aqua colored arrow below the price bar, signaling a Buy opportunity.
Conversely, a Magenta colored arrow appears above the price when bearish conditions are dominant, suggesting a Sell trade.
These arrows remain fixed on the chart and do not repaint after the candle closes.
Tip: The default ASC Trend period can be modified by editing the indicator’s MQL4 source code.
Free Download
Download the “asc-trend.mq4” indicator for MT4
Benefits of Using the ASC Trend Indicator
- Highly visual and easy to follow
- Great for spotting clean trend reversals
- Can be used as a stand-alone signal tool
- Ideal for scalping, day trading, and swing trading
- Works well when combined with support/resistance or moving averages
Indicator Example Chart (USD/JPY H1)
How to Trade Forex Using This Indicator
Buy Signal:
Open a buy trade as soon as the Aqua colored ASC Trend arrow gets printed on the chart.
Stop Loss:
Place SL a few pips below the most recent swing low or below the Aqua arrow candle.
Take Profit:
Set TP at the next resistance zone or target a 1:2 or 1:3 risk-reward ratio.
Sell Signal:
Open a sell trade as soon as the Magenta colored ASC Trend arrow gets printed on the chart.
Stop Loss:
Place SL a few pips above the latest swing high or above the Magenta arrow candle.
Take Profit:
Target the next support zone or aim for a risk-reward ratio of 1:2 or better.
Download Now
Download the “asc-trend.mq4” indicator for Metatrader 4
ASC Trend + Bollinger Band Forex Analyzer Strategy for MT4
This strategy merges the trend direction clarity of the ASC Trend Forex Indicator with the volatility and mean-reversion insights provided by the Bollinger Band Forex Analyzer v2.01.
Combining these indicators allows traders to enter high-probability trades with trend confirmation and precise volatility-based entry and exit levels.
What Is This Strategy About?
The ASC Trend indicator provides clear buy and sell arrows that identify the current market trend using a custom trend detection algorithm.
Meanwhile, the Bollinger Band Forex Analyzer plots dynamic upper and lower bands around price to measure volatility and identify potential reversal or breakout zones.
By entering trades aligned with ASC Trend signals near the Bollinger Bands’ boundaries, traders can optimize entries and manage exits efficiently.
Buy Rules
- Wait for a buy arrow from the ASC Trend Indicator, indicating a bullish trend.
- Confirm that the price is near or slightly below the lower Bollinger Band of the Bollinger Band Forex Analyzer, signaling a potential volatility-driven bounce.
- Enter a buy trade at the open of the next candle after these conditions align.
- Place a stop loss below the recent swing low or just outside the lower Bollinger Band.
- Set take profit near the middle or upper Bollinger Band, or trail stops using the Bollinger Band Analyzer’s bands.
Sell Rules
- Wait for a sell arrow from the ASC Trend Indicator, signaling bearish momentum.
- Confirm that the price is near or slightly above the upper Bollinger Band from the Bollinger Band Forex Analyzer, indicating a potential volatility-driven reversal.
- Enter a sell trade at the next candle open once both signals align.
- Place a stop loss above the recent swing high or outside the upper Bollinger Band.
- Take profit near the middle or lower Bollinger Band, or use trailing stops based on the bands.
Advantages
- Trend confirmation: ASC Trend filters entries to align with strong directional momentum.
- Volatility insights: Bollinger Bands help identify price extremes for higher-probability reversals.
- Flexible exits: Trailing stops can be adjusted with Bollinger Band levels to protect profits.
- Clear visual signals: Both indicators provide easy-to-read arrows and bands for intuitive trading.
Drawbacks
- Lag in sideways markets: The ASC Trend may give false signals during consolidation periods.
- Potential late entries: Waiting for the price to reach the Bollinger Bands can delay entry after the trend starts.
- Requires patience: Traders must wait for both indicators to confirm before entering.
Final Strategy Thoughts
The combination of the ASC Trend Forex Indicator and the Bollinger Band Forex Analyzer forms a balanced approach to trend trading with volatility-based entries and exits.
This system is effective on multiple timeframes, especially M15, H1, and H4, and performs best during active market hours.
Use disciplined risk management to maximize long-term profitability.
Case Study Example
USD/JPY M30 Chart Analysis (1 Month Period):
- Total Signals: 38 trades
- Winning Trades: 26 (68.4%)
- Average Win: +25 pips
- Average Loss: -14 pips
- Net Result: +482 pips over the testing period
Pros and Cons
Pros:
- Very simple trading signals
- Great for fast decision-making
- Works across timeframes and pairs
- No repainting
Cons:
- May generate false signals during ranging markets
- Should be used with confirmation for optimal results
Indicator Specifications
| Indicator Name | ASC Trend Forex Indicator |
|---|---|
| Platform | MetaTrader 4 (MT4) |
| Timeframes | All (M15, H1, H4 recommended) |
| Currency Pairs | All major and minor pairs |
| Inputs | Default (no need for adjustment for basic use) |
| Signal Type | Aqua arrow (Buy), Magenta arrow (Sell) |
| Repaint | No |
Final Words
The ASC Trend Forex Indicator is one of the most straightforward tools for identifying trade signals on MT4.
Its non-repainting Aqua and Magenta arrows make decision-making fast and efficient.
Whether you’re a beginner or an experienced trader, this indicator can enhance your ability to catch early trends with ease.
Download the ASC Trend Indicator today and experience reliable signal generation for your forex strategy.
