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 and sell signals:
- 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 Example 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.
Download Now:
Download the “KG TREND ANALYSIS.mq4” indicator for Metatrader 4
How to install this indicator on Metatrader 4?
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the KG TREND ANALYSIS.mq4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.