The PZ Lopez Trend Metatrader 4 forex indicator is a dual colored line surrounded by a price band (dotted lines to the upside & downside).
The indicator tracks market trends with unmatched reliability by ignoring sudden fluctuations and market noise.
The dual colored line of the PZ Lopez Trend Indicator can be deep sky blue, which implies that traders should be looking to enter long positions, or tomato, which is indicative of a bearish market sentiment.
The PZ Lopez Trend Indicator does not repaint and possesses an exclusive speed detection algorithm with implemented alerts within its input parameters.
Free Download
Download the “pz-lopeztrend-indicator.ex4” MT4 indicator
Indicator Chart (GBP/USD H1)
The GBP/USD H1 chart below displays the PZ Lopez Trend Indicator Metatrader 4 forex indicator in action.
Basic Trading Signals
Buy Signal: Go long when the dual colored line of the PZ Lopez Trend Indicator Metatrader 4 forex indicator gets colored deep sky blue.
Sell Signal: Go short when the dual colored line of the PZ Lopez Trend Indicator Metatrader 4 forex indicator gets filled tomato.
Exit buy trade: Close all buy orders if while a bullish trend is ongoing, the PZ Lopez Trend Indicator line turns tomato.
Exit sell trade: Close all sell order if while a bearish trend is running, the PZ Lopez Trend Indicator line turns deep sky blue.
Tips: The indicator activates a trend-following placement appropriate for lower timeframes that can infiltrate into long trends within higher timeframes, thereby increasing your earnings.
PZ Lopez Trend and Flat Trend RSI Forex Scalping Strategy for MT4
This scalping strategy combines the PZ Lopez Trend Indicator with the Flat Trend RSI Indicator.
The PZ Lopez Trend uses a deep sky blue line to show a buy signal and a tomato colored line to show a sell signal.
The Flat Trend RSI uses a simple color-based histogram. Blue bars show buy strength and red bars show sell strength.
This combination creates a clean and fast scalping system for M1 and M5 charts.
The strategy works well because each indicator confirms the other.
The Lopez line shows the primary short-term direction while the RSI histogram confirms momentum.
This reduces hesitation and helps filter out noisy market conditions.
It is ideal for active scalpers who prefer fast trades and small but consistent gains.
Buy Entry Rules
- The PZ Lopez Trend line must be deep sky blue.
- The Flat Trend RSI histogram must display blue bars.
- Open a long trade when both indicators agree on the direction.
- Place the stop loss a few pips below the nearest swing low.
- Set a take profit target between 6 and 12 pips, depending on the volatility of the pair.
Sell Entry Rules
- The PZ Lopez Trend line must be tomato colored.
- The Flat Trend RSI histogram must display red bars.
- Open a short trade when both indicators match in direction.
- Place the stop loss a few pips above the nearest swing high.
- Set a take profit target between 6 and 12 pips or exit when the histogram weakens.
Advantages
- The visual signals are simple to follow and easy to read on fast charts.
- The combination filters out many weak entries that appear during sideways market movement.
- Suited for traders who want multiple opportunities per session.
- Works well on currency pairs with low spreads and steady volume.
Drawbacks
- Scalping requires focus and fast execution, and this may not suit every trader.
- Spread costs can be high on pairs with poor liquidity.
- The system may struggle during very slow or highly choppy markets.
Case Study 1: EURAUD M5
During the London session, the PZ Lopez Trend line turned deep sky blue.
A few candles later, the Flat Trend RSI histogram printed strong blue bars.
A long entry was taken with a stop loss placed 8 pips below the recent swing low.
EURAUD continued to rise and reached a clean 11 pip profit before the histogram weakened.
The trade closed successfully with controlled risk and a steady upward move.
Case Study 2: CADJPY M1
During a period of intraday weakness, the PZ Lopez Trend switched to tomato color on the M1 chart.
Shortly after, the Flat Trend RSI histogram turned red.
A short trade was opened with a 5 pip stop loss above the nearest swing high.
CADJPY dropped quickly and delivered 8 pips in less than five minutes.
The histogram then began to fade, which signaled the exit.
This scalp captured a quick opportunity in a clean short-term trend.
Strategy Tips
- Wait for both indicators to match in direction before entering. This avoids fast reversals on lower time frames.
- Stay out of the market when the histogram becomes flat or keeps switching color, since this often signals a choppy market.
- Keep your risk small and consistent since scalping produces many trades.
- Use partial profits when you notice momentum weakening and allow the rest of the position to continue only if the price stays strong.
- Review pairs that showed the best movement each week and focus on those pairs in the next sessions.
- Use a trailing stop to capture extended moves if the trend becomes unusually strong.
Download Now
Download the “pz-lopeztrend-indicator.ex4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern indicator
Customization options: Variable (In_Ex, Amplitude, Alerts_Ex, Alerts_Ex, AlertCaption, DisplayAlerts, EmailAlerts, PushAlerts, SoundAlerts, SoundFile), width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: trend
