Forex Trendy Dashboard is a free mt4 (Metatrader 4) indicator that identifies buy/sell trade opportunities for any pair, and it provides additional technical info as well.
The indicator appears in the main MT4 chart in a handy, colored dashboard format.
You can add/remove currency pairs by editing the indicator’s inputs and pressing OK to save the new configuration.
This is a powerful Forex indicator that you should try right away!
Buy & Sell Trade Example
- A green “UP” is a buy signal.
- A red “DOWN” is a sell signal.
The indicator also provides the buy swap, sell swap, and current spread.
Free Download
Download the “Trendy Dashboard.mq4” indicator for MT4
Indicator Chart (EUR/USD M5)
The example chart below displays the Forex Trendy Dashboard mt4 indicator in action on the trading chart.
After you downloaded and installed the indicator on the MT4 trading platform, it should look like the image as shown above.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method when trading with this dashboard 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 Trendy Dashboard + EW Trend Scalping Strategy for MT4
The combination of the Forex Trendy Dashboard Indicator for MT4 and the EW Trend Indicator for Scalping MT4 creates a powerful trading setup designed for short-term traders.
This strategy focuses on aligning multi-timeframe trend direction with intraday momentum shifts to catch precise scalping opportunities.
It works best on the M5, M15, and M30 time frames and can also be applied for short-term swing entries on H1 charts.
Traders who prefer fast-paced setups with strong confirmation before entering a trade will find this system both efficient and easy to follow.
How the Strategy Works
The Forex Trendy Dashboard identifies the overall market direction by analyzing multiple time frames at once.
When the dashboard displays a green “UP” across your chosen time frames, it indicates that the trend is bullish.
When it displays red “DOWN,” the market is bearish.
To refine entries, the EW Trend Indicator confirms momentum shifts through its histogram, which moves above or below the zero line to indicate buying or selling strength.
When both indicators agree, the trade setup has a high probability of success.
Buy Entry Rules
- Wait until the Forex Trendy Dashboard shows a green “UP” signal across at least three key time frames (M5, M15, M30).
- Check that the EW Trend histogram is above the zero line, confirming bullish momentum.
- Enter a buy trade at the close of the current candle once both signals align.
- Place a stop loss 10–15 pips below the most recent swing low.
- Set a take profit target between 15–25 pips for scalping, or use a trailing stop to ride extended moves.
Sell Entry Rules
- Wait until the Forex Trendy Dashboard shows a red “DOWN” signal across your selected time frames.
- Confirm that the EW Trend histogram is below the zero line.
- Open a sell position at the close of the candle once both confirmations are present.
- Set a stop loss 10–15 pips above the latest swing high.
- Take profit between 15–25 pips, or manage the trade with a trailing stop for longer trends.
Advantages
- Combines trend direction with momentum confirmation for stronger entries.
- Simple visual interface — easy to read signals from both indicators.
- Adaptable for short-term and intraday trading.
- Low lag and quick reaction to price shifts.
- Useful on major forex pairs and gold due to stable intraday volatility.
Drawbacks
- Less effective during major news events with unpredictable spikes.
- Best used with a solid money management plan due to fast market changes.
Case Study 1 – EUR/USD M15
On EUR/USD, the Forex Trendy Dashboard displayed a strong “UP” signal on the M5, M15, and M30 charts during the London session.
At the same time, the EW Trend histogram crossed above the zero line, confirming buying pressure.
A buy trade was opened at 1.0745 with a stop loss at 1.0730 and a take profit at 1.0770.
Within 45 minutes, the trade reached the target, resulting in a +25 pip gain.
A second opportunity appeared later in the session, adding another +18 pips, totaling +43 pips for the day.
Case Study 2 – GBP/JPY M30
During the early New York session, GBP/JPY displayed a “DOWN” trend on all time frames in the Forex Trendy Dashboard.
Simultaneously, the EW Trend histogram remained below zero.
A short entry was placed at 191.85 with a stop loss at 192.10 and a take profit at 191.40.
The move completed successfully within an hour, earning +45 pips.
Later that day, another setup on the same pair produced +30 pips, bringing a total of +75 pips using this approach.
Strategy Tips
- Always check that both indicators confirm the same direction before entering any trade.
- Use lower time frames for scalping and higher time frames for short-term trend trading.
- Filter out signals during high-impact news events for more reliable results.
- Combine this method with support and resistance zones to improve trade accuracy.
- Regularly backtest different pairs to find the ones with the smoothest trends for this setup.
The combination of the Forex Trendy Dashboard Indicator and the EW Trend Scalping Indicator offers traders a complete system that balances accuracy, clarity, and momentum.
When used properly, it can consistently capture intraday price swings and deliver stable results on MT4.
Download Now
Download the “Trendy Dashboard.mq4” indicator for Metatrader 4
