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Trend Filter Metatrader 4 Forex Indicator

    The Trend Filter MT4 forex indicator is based on a filtered moving average.

    The indicator delivers trend following filtered signals directly on the chart and its signals are very easy to understand and to trade.

    The Trend Filter for Metatrader 4 draws a colored line in a separate MT4 window.

    Green colored lines indicate the trend is going up and it’s time to open a buy trade position.

    Red colored lines indicate the trend is going down and it’s time to open a sell trade position.

    Yellow colored lines indicator the trend is range-bound or flat and we wait for new trend direction, we will stick with the current trade position.

    The default period for the MA period filter is set to 9, but this value can be tweaked.

    Scalpers, day traders and swing traders can benefit from this forex indicator.

    Free Download

    Download the trend-filter.mq4” MT4 indicator

    Example Chart

    The EUR/USD H1 chart below displays the Trend Filter forex indicator in action.

    Basic Trading Signals

    Signals from the Trend Filter forex MT4 indicator are easy to interpret and goes as follows:

    Buy Signal: Open buy position when the indicator draws a green line (bullish trend).

    Sell Signal: Open sell position when the indicator draws a red line (bearish trend).

    No signal: Yellow line, stick with the current buy/sell trade position.

    Trade Exit: Close the open trade when an opposite signal occurs, or use your own method of trade exit.


    Download the trend-filter.mq4” Metatrader 4 indicator

    MT4 Indicator Characteristics

    Currency pairs: Any

    Platform: Metatrader 4

    Type: chart pattern

    Customization options: Variable (Nbars, MA_Period) Colors, width & Style.

    Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

    Type: Oscillator


    Copy and paste the trend-filter.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.

    You can access this folder from the top menu as follows:

    File > Open Data Folder > MQL4 > Indicators (paste here)

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