The Multi Trend Analysis indicator for Metatrader 4 analyses the currency pair for 9 different technical indicators and provides a buy or sell signal.
The indicator appears as a dashboard in the main MT4 chart window and analyses the following indicators for multiple time frames:
ADX, RSI, Momentum, CCI, OsMA, MACD, PSAR, WPR and MA.
Based on the outcome, the indicator will issue a buy (blue arrow) or sell (red arrow) trade.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download:
Download the “Multi trend signal.ex4” indicator for MT4
Indicator Example Chart (EUR/USD H1)
The chart below displays the Multi Trend Analysis indicator in action.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Multi Trend Analysis 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
Indicator type: Trend analysis
Repaint? No.
Download Now:
Download the “Multi trend signal.ex4” indicator for Metatrader 4
How to install this indicator on Metatrader 4?
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the Multi trend signal.ex4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.