The Forex Trend Dashboard MTF indicator for Metatrader 4 delivers out-of-the-box buy and sell signals for the most popular time frames.
The indicator appears on a dashboard in the bottom chart window of the trading platform.
Buy & Sell Trade Example
- Open a buy position when the buy signal appears on the chart for your chosen time frame.
- Open a sell position when the sell signal appears on the chart for your chosen time frame.
The Forex Trend Dashboard MTF indicator can be used for both trade entry and exit or as a trend filter.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “Trend dash board.ex4” indicator for MT4
Indicator Chart (EUR/USD M5)
The example chart below displays the Forex Trend Dashboard MTF mt4 indicator in action on the trading chart.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method when trading with this trend-following signals 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.
Forex Trend Dashboard MTF + Hull ATR Crossover MT4 Day Trading Strategy
This day trading strategy combines the Forex Trend Dashboard MTF Signal MT4 Indicator with the Hull ATR Crossover Signal MT4 Indicator.
The Forex Trend Dashboard allows traders to monitor multiple time frames at once.
A buy trend is indicated when all arrows for the chosen time frame turn green, and a sell trend is indicated when all arrows are red.
The Hull ATR Crossover confirms entries, generating buy or sell signals when the green line crosses above or below the purple line.
This strategy works best on 15-minute and 30-minute charts, making it ideal for day traders who want to capture intraday trends with higher probability setups.
By combining trend confirmation across multiple time frames with crossover signals, traders can filter out false entries and focus on strong trend moves.
Buy Entry Rules
- Open a buy trade when all arrows on the Forex Trend Dashboard are green for your selected time frame.
- Confirm the trend with the Hull ATR crossover: the green line must have crossed above the purple line from below.
- Set a stop loss below the recent swing low or below the last red signal from the dashboard.
- Set a take profit at 1.5 to 2 times the stop loss, or near the next key resistance level.
Sell Entry Rules
- Open a sell trade when all arrows on the Forex Trend Dashboard are red for your selected time frame.
- Confirm the trend with the Hull ATR crossover: the green line must have crossed below the purple line from above.
- Set a stop loss above the recent swing high or above the last green signal from the dashboard.
- Set a take profit at 1.5 to 2 times the stop loss, or near the next key support level.
Advantages
- Uses multiple time frame trend confirmation for higher accuracy.
- Hull ATR crossover provides precise entry timing.
- Clear entry and exit rules make it systematic and easy to follow.
- Works well for day trading on medium time frames like 15- and 30-minute charts.
Drawbacks
- Trades may be less frequent due to the requirement that all dashboard arrows align.
- Less effective in sideways or choppy markets where arrows frequently flip.
- Not suitable for scalping on very short time frames.
Example Case Studies
Case Study 1: EUR/JPY 15-Minute Chart
During a London session, all arrows on the Forex Trend Dashboard turned green for the 15-minute time frame.
The Hull ATR crossover confirmed the buy trend as the green line crossed above the purple line.
A buy trade was opened with a stop loss 10 pips below the swing low.
The trade moved in favor, reaching a take profit of 22 pips in under an hour.
Case Study 2: GBP/CHF 30-Minute Chart
During the New York session, all arrows turned red on the dashboard, indicating a sell trend.
The Hull ATR crossover confirmed the move with the green line crossing below the purple line.
A sell trade was entered with a stop loss 15 pips above the recent swing high.
The market continued downward, hitting a take profit of 35 pips within 75 minutes, showing the strategy’s effectiveness for intraday trend capturing.
Strategy Tips
- Only take trades when both the dashboard and Hull ATR indicators align.
- Use high-liquidity pairs like EUR/JPY, GBP/CHF, or USD/JPY for better trend consistency.
- Monitor economic calendars to avoid trades during high-impact news releases.
- Adjust stop loss and take profit levels according to current market volatility.
- Consider checking higher time frame trends for added confirmation before entering trades.
Download Now
Download the “Trend dash board.ex4” indicator for Metatrader 4
