The Precise Forex Market Trend indicator for Metatrader 4 is a reliable market trend buy/sell histogram that delivers winning signals for any pair.
The indicator pops up in a separate MT4 chart window in the form of green, gray, and red trend histogram bars.
Buy & Sell Trade Example
- Enter long when the first green trend histogram bar gets displayed on the sub-chart window.
- Enter short when the first red trend histogram bar gets displayed on the sub-chart window.
- Gray bars suggest a range-bound market; just stick with your open position (if any).
The Precise Forex Market Trend indicator can be used for trade entry and exit or as an additional confirmation trend filter for other strategies and systems.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “MarketTrend.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The picture below shows the Precise Forex Market Trend 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 to trade with the Precise Forex Market Trend 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: Signals
Does the indicator repaint? No.
Precise Market Trend and Extreme Trend Explosion Forex Day Trading Strategy
The MT4 Precise Market Trend and Extreme Trend Explosion Strategy is a day trading system that combines trend detection with short-term momentum signals.
It is designed to capture intraday market moves by using two complementary indicators that provide clear trend direction and entry timing.
This strategy works best on M15, M30, and H1 charts and is ideal for traders who prefer structured, disciplined entries during active market hours.
The Precise Forex Market Trend Indicator displays the overall trend using a histogram: green bars indicate a bullish trend, and red bars indicate a bearish trend.
The Extreme Trend Explosion Forex Indicator complements it by providing specific buy or sell signals through colored bars, green for bullish momentum and red for bearish momentum.
Combining these indicators helps traders enter trades in the direction of the main trend while confirming strong intraday momentum.
Buy Entry Rules
- Confirm that the Precise Market Trend histogram is green, indicating an overall bullish trend.
- Wait for the Extreme Trend Explosion indicator to display green bars, signaling a buy momentum surge.
- Enter a buy trade at the close of the confirmation candle.
- Set a stop loss below the recent swing low.
- Take profit at the next resistance level, or close the trade if the Extreme Trend Explosion bars turn red.
Sell Entry Rules
- Check that the Precise Market Trend histogram is red, indicating an overall bearish trend.
- Wait for the Extreme Trend Explosion indicator to show red bars, confirming strong selling pressure.
- Enter a sell trade at the close of the confirming candle.
- Set a stop loss above the most recent swing high.
- Take profit at the next support level, or exit when the Extreme Trend Explosion bars turn green.
Advantages
- Combines trend direction and short-term momentum for more accurate entries.
- Provides clear visual signals suitable for day trading across multiple timeframes.
- Helps traders stay aligned with the market trend and avoid counter-trend trades.
- It can be used on multiple currency pairs for diversified opportunities.
- Simple to implement while still offering reliable trading signals.
Drawbacks
- May produce false signals during choppy or low-volatility markets.
- Stop losses must be monitored carefully to avoid whipsaws.
- Requires attention to both indicators for accurate execution.
- Not suitable for scalping on ultra-low timeframes due to market noise.
Case Study 1: EUR/USD M15
During the London session, the Precise Market Trend histogram turned green, indicating a bullish trend.
The Extreme Trend Explosion indicator displayed green bars at 1.0845.
A buy trade was entered with a stop loss at 1.0835 and a take profit target at 1.0870.
The price moved steadily upward, reaching the target within 90 minutes for a +25 pip gain.
Using both trend and momentum indicators ensured a high-probability trade aligned with market direction.
Case Study 2: GBP/JPY H1
During the New York session, the Precise Market Trend histogram was red, showing a bearish trend.
The Extreme Trend Explosion bars turned red at 151.60, confirming strong selling momentum.
A sell trade was placed with a stop loss at 151.85 and a target at 150.90.
The price moved down over the next two hours, capturing +70 pips before the Extreme Trend Explosion bars began to fade.
The alignment of the overall trend and short-term momentum increased confidence in the trade.
Strategy Tips
- Focus on high-volume sessions for day trading to maximize momentum moves.
- Use M15 or M30 charts to capture medium-term intraday trends while avoiding too much noise.
- Combine with support and resistance levels to improve exit timing.
- Exit partially at intermediate levels to lock in profits and reduce risk.
- Monitor economic news releases to avoid unexpected volatility spikes.
- Trade multiple pairs but prioritize those with clear trends and sufficient liquidity.
The MT4 Precise Market Trend and Extreme Trend Explosion Strategy provides a structured approach to day trading by combining trend identification and short-term momentum.
By following the confirmation rules, traders can improve entry timing, reduce false signals, and capture profitable intraday moves efficiently.
