The free FNCD Forex Trend indicator for mt4 (Metatrader 4) can be categorized as a beginner-friendly trend oscillator that works well for scalping and day trading.
The indicator pops up in a separate MT4 chart window as an oscillator that follows the shorter-term trend.
It provides multiple trade opportunities throughout the various trading sessions.
Buy & Sell Trade Example
- A new buy position should be opened as soon as the yellow signal line crosses the red dotted line bottom-up.
- A new sell position should be opened as soon as the yellow signal line crosses the red dotted line top-down.
The Flat Trend SMC 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 exotics) and shows promising results when used correctly.
Free Download
Download the “fncd-2-indicator.mq4” indicator for MT4
Indicator Chart (EUR/USD Daily)
The example chart below displays the Flat Trend SMC mt4 indicator in action.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Flat Trend SMC 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: Trend
Does the indicator repaint? No.
MT4 Day Trading Strategy: FNCD Trend + Flat Trend RSI
This strategy combines the FNCD Forex Trend Indicator with the Flat Trend RSI Indicator to capture trend direction and momentum in intraday trading.
The FNCD indicator is bullish when the yellow line crosses above the red dotted line and remains above zero, and bearish when it crosses below the red dotted line and stays below zero.
The Flat Trend RSI confirms momentum, printing blue histogram bars for bullish conditions and red bars for bearish.
By combining trend direction with momentum confirmation, traders can enter higher-probability trades on 5-minute, 15-minute, or 30-minute charts during the London and New York sessions.
Buy Entry Rules
- FNCD trend indicator yellow line must cross above the red dotted line and stay above zero.
- Flat Trend RSI must print blue histogram bars indicating bullish momentum.
- Enter a buy order at the close of the confirming candle.
- Set stop loss a few pips below the recent swing low or below the nearest support level.
- Set take profit using intraday resistance levels or a 1.5:1 to 2:1 risk-reward ratio.
Sell Entry Rules
- FNCD trend indicator yellow line must cross below the red dotted line and stay below zero.
- Flat Trend RSI must print red histogram bars indicating bearish momentum.
- Enter a sell order at the close of the confirming candle.
- Place a stop loss a few pips above the recent swing high or above the nearest resistance.
- Set take profit using intraday support levels or a 1.5:1 to 2:1 risk-reward ratio.
Advantages
- Combines trend direction (FNCD) with momentum confirmation (Flat Trend RSI) to reduce false signals.
- Effective on intraday charts for scalping or short-term day trading.
- Flexible take profit options allow adaptation to intraday support/resistance zones.
Drawbacks
- Signals may lag slightly in fast-moving markets.
- Sideways or low-volatility markets may produce choppy signals.
- Not suitable for long-term holding trades; best for intraday moves.
Case Study 1: EUR/JPY on 15-Minute Chart
During the London session, the FNCD indicator’s yellow line crossed above the red dotted line and remained above zero.
The Flat Trend RSI printed blue bars, so a buy trade was entered at 145.25.
The recent swing low was 145.10, and the stop loss was placed at 145.08, which represented a 17-pip risk.
The next resistance zone was at 145.55, so the take profit was set there, giving a potential gain of 30 pips.
Price moved upward steadily and reached the target, so the trade resulted in 30 pips profit.
Case Study 2: GBP/CHF on 5-Minute Chart
During the New York session, the FNCD yellow line crossed below the red dotted line and stayed below zero.
The Flat Trend RSI printed red bars, so a sell order was placed at 1.2110.
The recent swing high was 1.2122, and the stop loss was placed at 1.2125, giving a 15-pip risk.
The next support zone was around 1.2088, so the take profit was set there for a potential gain of 22 pips.
Price moved downward and hit the target, so the trade resulted in 22 pips profit.
Strategy Tips
- Always confirm trend direction on a higher timeframe (H1) before entering trades.
- Use this strategy on high-liquidity pairs to reduce spreads and slippage.
- Avoid trading during major economic news events.
- Consider trailing stops to lock in profits if the price moves strongly in your favor.
- Keep risk consistent (0.5–1% of account) per trade to manage capital effectively.
- Monitor price action near key support/resistance levels to adjust take profit levels accordingly.
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Download the “fncd-2-indicator.mq4” indicator for Metatrader 4
