The Super Trend Line Forex Indicator for MetaTrader 4 scans the currency chart and automatically identifies the most relevant trend lines that can be used as key reference points for trade entries and exits.
The indicator is displayed directly in the main chart window and dynamically updates as new price data becomes available.
Trend lines are one of the most fundamental tools in technical analysis and can be used in various ways.
The Super Trend Line Indicator simplifies this process, helping you spot trading opportunities faster and with more confidence.
It can be effectively combined with other tools such as candlestick patterns, moving averages, or momentum indicators for confirmation.
Key Points
- Draws trend lines
- Good for breakout trading
- Pure price action, no lag
- Well worth adding to your indicator collection
This indicator can work together with any existing trading strategy or system as a trend breakout confirmation tool.
Free Download
Download the “xTrendLine.mq4” MT4 indicator
Indicator Example Chart
The EUR/USD 30-minute chart below shows the Super Trend Line indicator in action.
Basic Trading Signals
BUY:
- A buy signal is given when the candlestick closes above the trend line from below, and the overall trend is upward.
- Set the stop loss a few pips below the trend line.
- Exit the buy trade for a predetermined profit target or wait for a sell signal.
SELL:
- A sell signal is given when the candlestick closes below the trend line from above, and the overall trend is downward.
- Set the stop loss a few pips above the trend line.
- Exit the sell trade for a predetermined profit target or wait for a buy signal.
Download Now
Download the “xTrendLine.mq4” MT4 indicator
Super Trend Line and Elite PRO Scalper Trading Strategy
Overview
This strategy combines the precision of the Elite PRO Scalper Indicator with the trend-confirmation power of the Super Trend Line Indicator.
By only trading scalper signals that align with the overall market direction defined by the Super Trend Line, traders can improve their accuracy and reduce false entries.
Indicators Used
- Super Trend Line Indicator – Identifies the current trend and visually plots trend lines based on market direction.
- Elite PRO Scalper Indicator – Provides non-repaint buy and sell signals optimized for short-term trading setups.
Timeframes and Pairs
- Timeframes: M5 and M15
- Currency Pairs: Major pairs such as EUR/USD, GBP/USD, USD/JPY
Buy Entry Conditions
- The Super Trend Line is green or angled upward, indicating a bullish trend.
- The Elite PRO Scalper Indicator prints a buy signal while price is trading above the trend line.
- Optional: A bullish candlestick pattern appears at or near the Super Trend Line support.
Sell Entry Conditions
- The Super Trend Line is red or angled downward, indicating a bearish trend.
- The Elite PRO Scalper Indicator prints a sell signal while price is trading below the trend line.
- Optional: A bearish candlestick pattern appears at or near the Super Trend Line resistance.
Exit Strategy
- Stop Loss: Just outside the most recent swing high for sell trades, or below the swing low for buy trades.
- Take Profit: Use a fixed pip target (e.g., 15–25 pips) or exit when an opposite signal from the Elite PRO Scalper appears.
Additional Tips
- Use this strategy during active trading sessions (e.g., London and New York) for best results.
- Avoid ranging markets — the Super Trend Line should be clearly angled up or down.
- Combine with support/resistance zones or pivot levels for added confluence.
Adjustable Indicator Parameters & Settings
High period, low period, trigger, colors, style
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
More Info About This Tool
Currency Pairs: works on any currency pair
Trading Platform: developed for Metatrader 4 (MT4)
Time Frames: any
Indicator Type: trend line
How to install the Super Trend Line indicator in Metatrader 4?
- Copy and paste the xTrendLine.mq4 indicator into the MQL4 indicators folder.
- You can access this folder from the top menu as follows:
- File > Open Data Folder > MQL4 > Indicators (paste here)
