About the Forex Trend Dashboard MTF Indicator
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.
Instead of flipping back and forth between different charts, you can keep your focus on a single screen while the dashboard updates you on the broader market sentiment.
This multi-timeframe approach helps you avoid “trading into a wall” by ensuring you don’t take a scalp against a heavy higher-timeframe trend.
It is a vital tool for traders who rely on confluence to confirm their entries and exits with professional precision.
Free Download
Download the “Trend dash board.ex4” indicator for MT4
Key Features
- Monitors multiple timeframes simultaneously from a single, clean dashboard window.
- Provides clear visual signals using color-coded arrows to indicate trend direction.
- Updates in real-time, ensuring that you are always looking at current market momentum.
- Simplifies multi-timeframe analysis, making it accessible for both beginners and experienced traders.
- The dashboard is positioned at the bottom of the chart to prevent cluttering price action.
- Compatible with all major currency pairs, indices, and commodities on the MT4 platform.
Indicator Chart
The chart illustrates the Forex Trend Dashboard MTF indicator providing a comprehensive view of trend alignment.
You can see how the arrows change color based on the market’s momentum across different periods.
When all arrows for a specific pair align in the same color, it signals a strong, unified trend that is ready for execution.
Guide to Trade with Forex Trend Dashboard MTF Indicator
Trading with this dashboard is most effective when you wait for full confluence across your selected timeframes.
Buy Rules
- Open a buy trade when all arrows on the Forex Trend Dashboard are green for your selected time frame.
- Ensure the price on the main chart is showing bullish price action or a breakout.
- Wait for the current candle to close to ensure the signal remains stable.
Sell Rules
- Open a sell trade when all arrows on the Forex Trend Dashboard are red for your selected time frame.
- Confirm that the higher timeframes are also red to trade with the primary trend.
- Verify that there are no major support levels immediately below the entry price.
Stop Loss
- Place your stop loss above the recent swing high for sell positions.
- Position the stop loss below the recent swing low for buy positions.
- Alternatively, use a fixed pip distance based on the volatility of the asset you are trading.
Take Profit
- Exit the trade when one or more arrows on the dashboard change to the opposite color.
- Set a target at the next major support or resistance zone identified on the H1 or H4 chart.
- Aim for a risk-to-reward ratio of at least 1:2 to maintain a positive expectancy.
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
FAQ
How do I change which timeframes are shown on the dashboard?
You can customize the timeframes by accessing the indicator settings.
Simply toggle the visibility of specific periods like M1, M30, or Daily to match your specific trading style and strategy requirements.
Does this indicator alert me when all timeframes align?
Yes, the dashboard can be configured to send alerts or push notifications when a full trend alignment occurs.
This means you do not have to watch the screen constantly to catch a high-probability setup.
Is it better to use this for scalping or swing trading?
It is versatile enough for both.
Scalpers often look for alignment on M1 through M15, while swing traders wait for the H1, H4, and Daily charts to show the same color before entering a position.
Summary
The Forex Trend Dashboard MTF indicator for Metatrader 4 enables traders to see the market’s momentum across multiple layers of time without manual effort.
This can be done via the customizable dashboard settings that track popular periods.
The dashboard color and layout can also be adjusted to fit your visual preference.
By focusing on trend confluence, you can filter out low-probability trades and only take positions when the entire market is behind you.
It is an essential tool for maintaining discipline and staying on the right side of the trend.
