The Trend Analysis Forex indicator for mt4 (Metatrader 4) analyses the chart and provides clear buy and sell signals based on the upper 3 time frames.
It also provides the UP Power and DOWN Power in %.
The indicator pops up in a sub-window underneath the main MT4 chart window.
Buy & Sell Trade Example
- A buy signal occurs when all arrows are colored blue (strongly bullish).
- A sell signal occurs when all arrows are colored red (strongly bearish).
The Trend Analysis Forex indicator can help to pinpoint your next trade entry and exit in the direction of the major trend.
It can also be used as an additional trend confirmation filter for other strategies and systems.
Free Download
Download the “KG TREND ANALYSIS.mq4” indicator for MT4
Indicator Chart (EUR/USD M5)
The example chart below displays the Instantaneous Trend Analysis 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 Trend Analysis Forex 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: Trend analysis
Does the indicator repaint? No.
Trend Analysis + Awesome MT4 Scalping Strategy
This scalping strategy combines the Trend Analysis Forex Indicator with the Awesome MetaTrader 4 Forex Indicator for MetaTrader 4.
The Trend Analysis Indicator identifies strong market trends using colored arrows—blue for bullish trends and red for bearish trends.
The Awesome Indicator functions as an oscillator, providing buy signals when above zero and sell signals when below zero.
This strategy is designed for short-term scalping on M1 and M5 charts and works best on high-liquidity pairs such as EUR/USD, GBP/USD, and USD/JPY.
Buy Entry Rules
- Ensure that all arrows on the Trend Analysis Indicator are blue, indicating a strong uptrend.
- Confirm that the Awesome Indicator oscillator is above zero, signaling bullish momentum.
- Enter a buy trade at the current market price.
- Place a tight stop loss below the most recent swing low or minor support level.
- Take profit at 5–15 pips for M1 charts or 10–20 pips for M5 charts, depending on volatility.
Sell Entry Rules
- Ensure that all arrows on the Trend Analysis Indicator are red, indicating a strong downtrend.
- Confirm that the Awesome Indicator oscillator is below zero, signaling bearish momentum.
- Enter a sell trade at the current market price.
- Place a tight stop loss above the most recent swing high or minor resistance level.
- Take profit at 5–15 pips for M1 charts or 10–20 pips for M5 charts, depending on volatility.
Advantages
- Combines trend confirmation with oscillator signals for precise entry points.
- Works well for fast scalping on short timeframes.
- Clear visual signals make it beginner-friendly.
- Applicable to multiple major currency pairs.
Drawbacks
- Signals can be delayed during rapid market spikes, causing late entries.
- Requires constant monitoring due to the fast pace of scalping trades.
- Stop losses can be hit by sudden news-driven volatility.
Example Case Studies
Case Study 1 – EUR/USD M1
During the New York session, all arrows on the Trend Analysis Indicator turned blue, confirming a strong uptrend.
The Awesome Indicator was above zero, signaling a buy.
A buy trade was entered at 1.1055, with a stop loss at 1.1050 and a take profit at 1.1065.
The price moved quickly in favor of the trade, hitting the target within 10 minutes for a 10-pip gain.
Case Study 2 – GBP/JPY M5
On the GBP/JPY M5 chart, all arrows turned red, indicating a strong downtrend.
The Awesome Indicator oscillator was below zero, confirming bearish momentum.
A sell trade was entered at 149.25 with a stop loss at 149.35 and a take profit at 149.10.
The trade moved as expected, reaching the take profit target for a 15-pip gain.
Strategy Tips
- Always confirm trend direction with the Trend Analysis Indicator before entering trades.
- Use short-term timeframes (M1 and M5) for scalping and adjust take profit according to market volatility.
- Avoid trading during major news events to prevent sudden price spikes.
- Consider using partial exits to lock in profits quickly in fast-moving markets.
- Focus on high-liquidity currency pairs for tighter spreads and better execution.
- Use previous swing highs and lows as additional confirmation for stop loss placement.
Download Now
Download the “KG TREND ANALYSIS.mq4” indicator for Metatrader 4
