Pip Trend Metatrader 4 Forex Indicator

The Pip Trend forex indicator is a crossover MT4 system that consists of a blue and red signal line.

A bullish signal is created when the blue signal line crosses back above the red signal line from below.

Vice versa, a bearish signal is created when the red signal line crosses back above the blue signal line from below.

The indicator displays the current trading signal “buy” or sell” in the upper left corner of the MT4 activity chart.

Pip Trend can be used as a standalone indicator or can be traded together with other analysis tools or technical indicators.

In order to use it as a standalone, adjust the indicator’s SSP value to 50 or above.

This reduces the number of false crossover trading signals significantly.

Feel free to experiment with the other settings as well.

Free Download

The EUR/USD Hourly chart below displays the Pip Trend Metatrader 4 Forex indicator in action.

Basic Trading Signals

Signals from the Pip Trend MT4 forex indicator are easy to interpret and go as follows:

Buy Signal: Buy when the blue Pip Trend signal line crosses above the red signal line from below (trend upward).

Sell Signal: Sell when the red Pip Trend signal line crosses above the blue signal line from below (trend downward).

Trade Exit: Close the open buy/sell trade when an opposite signal occurs, or use your own method of trade exit.

MT4 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: Chart pattern indicator

Customization options: Variable (CountBars, SSP, Kmin, Kmax) Colors, width & Style.

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: trend