The Price Movement Trend Signals forex indicator for Metatrader 4 gives buy and sell trading signals based on the value degrees of price movements.
The indicator shows you the price movement degree, the current forex signal (buy or sell), trend power, time until next bar, and the current time.
- A buy signal occurs when the indicator sends out a buy alert.
- A sell signal occurs when the indicator sends out a sell alert.
The current signal and other trading information are visible on the main MT4 trading chart.
The indicator can be used as a standalone or together with other technical indicators or with price action.
Works for any timeframe and currency pair.
You can change the look and feel of the indicator. Go to the indicator’s input settings.
Free Download
Download the “PriceMovementDegrees.mq4” MT4 indicator
Indicator Chart (EUR/USD H1)
The EUR/USD 1-Hour chart below displays the Price Movement Trend Signals Metatrader 4 indicator in action.
Basic Trading Signals
Signals from the Price Movement Trend Signals MT4 indicator are easy to interpret and go as follows:
Buy Signal: Initiate buy trade position when the Price Movement Trend Signals MT4 indicator sends out a buy trade alert. Place a protective stop below the previous swing low price.
Sell Signal: Initiate a sell trade position when the Price Movement Trend Signals MT4 indicator sends out a sell trade alert. Place a protective stop above the previous swing high price.
Trade Exit: Use your own method of trade exit.
Price Movement Trend Signals + Auto Trend Channel Forex Strategy for MT4
This strategy combines the Price Movement Trend Signals MT4 Forex Indicator with the Auto Trend Channel MT4 Forex Indicator.
The Price Movement Trend Signals indicator generates automatic buy and sell signals directly on the chart.
The Auto Trend Channel identifies the overall trend with an upward channel indicating a bullish trend and a downward channel indicating a bearish trend.
By combining these indicators, you can take signals only in the direction of the trend, improving trade quality.
This strategy works well on M5 and M15 charts and is suitable for day traders looking for clear entries with defined trends.
Buy Entry Rules
- Price must be inside an upward Auto Trend Channel, indicating a bullish trend.
- The Price Movement Trend Signals indicator must display a buy signal.
- Enter long at the opening of the next candle after the buy signal appears while the price remains in the upward channel.
- Place a stop loss a few pips below the lower boundary of the channel or recent swing low.
- Set take profit at twice the stop loss distance, or exit if price breaks below the channel or a sell signal appears.
Sell Entry Rules
- Price must be inside a downward Auto Trend Channel, indicating a bearish trend.
- The Price Movement Trend Signals indicator must display a sell signal.
- Enter short at the opening of the next candle after the sell signal appears while the price remains in the downward channel.
- Place a stop loss a few pips above the upper boundary of the channel or recent swing high.
- Set take profit at twice the stop loss distance, or exit if price breaks above the channel or a buy signal appears.
Advantages
- Combines automatic signal generation with trend confirmation to improve trade accuracy.
- Clear visual entry and exit points make it easy to follow for beginners and experienced traders.
- Trend channels help filter trades against the market direction, reducing false signals.
- Suitable for multiple currency pairs with clear intraday trends.
Drawbacks
- Automatic signals can lag slightly behind price movements, potentially missing early parts of a trend.
- Stop losses may be triggered by sudden spikes or news events within the channel.
- Requires monitoring since signals may appear frequently on lower timeframes.
Case Study 1
On EURUSD M5 during the London session, the Auto Trend Channel indicated an upward trend.
The Price Movement Trend Signals indicator generated a buy signal after a brief pullback.
The trader entered long at the next candle with a stop loss 8 pips below the channel boundary.
Price moved up steadily and hit a 16-pip take profit within 20 minutes, remaining inside the upward channel throughout.
The combination of trend channel and automatic buy signal produced a clear scalp with low risk.
Case Study 2
On GBPUSD M15 during the New York session, the Auto Trend Channel displayed a downward trend.
A sell signal appeared on the Price Movement Trend Signals indicator after a minor retracement.
The trader entered short at the next candle with a stop loss 12 pips above the channel boundary.
Price moved downward over 30 minutes and reached a 24-pip take profit, confirming the bearish trend.
The trade followed the channel direction and validated the automatic signal.
Strategy Tips
- Focus on major currency pairs such as EURUSD, GBPUSD, USDJPY, or AUDUSD to ensure better liquidity and tighter spreads.
- Avoid trading when the price moves sideways or the channel is flat, as signals can be unreliable.
- Maintain consistent position sizing to manage risk across multiple trades.
- Skip trades if the price is too close to channel boundaries or support and resistance zones to avoid whipsaws.
- Use the strategy on multiple timeframes to identify the best trade opportunities and avoid false signals.
Download Now
Download the “PriceMovementDegrees.mq4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Chart pattern indicator
Customization options: Variable (info position degree, linear regression line, message alert, email alert) 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 signals
