Trend Manager Forex Indicator For MT5

The Trend Manager Forex indicator designed for Metatrader 5 offers reliable trend trading signals to currency traders with the help of a smart trading strategy.

The indicator presents a three-color line that alternates between a buy signal and sell signal.

How to trade with the Trend Manager indicator?

  • A light-blue colored line generates a buy signal.
  • A violet colored line generates a sell signal.
  • A medium-blue colored line is neutral.

The indicator works equally well for newbies and seasoned traders alike.

The indicator contains the following inputs and parameters: TM period 1, TM shift 1, TM period 2, TM shift 2, horizontal shift, colors.

Make yourself familiar with this technical indicator and test it first on a demo account before applying it to a live account.

It supports all time frames and Forex pairs.

Download Indicator 🆓

trendmanageropen.mq5 Indicator (MT5)

Chart Example

The following chart shows how the Trend Manager indicator looks like when applied to the MT5 chart.

How To Buy And Sell Forex Pairs With The Trend Manager Indicator?

Find a simple trading strategy below:

Buy Signal

  • A bullish signal is given when the light-blue Trend Manager line gets displayed in the chart.
  • Open a buy market order and place your stop loss below the most recent support level.
  • Exit the buy trade for a fixed pip profit target, or ride the uptrend and wait for a sell signal.

Sell Signal

  • A bearish signal is given when the violet Trend Manager line gets displayed in the chart.
  • Open a sell market order and place your stop loss above the most recent resistance level.
  • Exit the sell trade for a fixed pip profit target, or ride the downtrend and wait for a buy signal.

Download Now 🆓

trendmanageropen.mq5 Indicator (MT5)

Frequently Asked Questions

How Do I Install This Custom Indicator On Metatrader 5?

  • Open the MT5 trading platform
  • Click on the File menu button located at the top left part of the platform
  • Click on Open Data Folder > MQL5 folder > Indicators
  • Copy the trendmanageropen.mq5 indicator file in the Indicators folder
  • Close and restart the trading platform
  • You will find the indicator here (Navigator window > Indicators)
  • Drag the indicator to the chart to get started with it!

How Do I Edit This Indicator?

  • Click in the open chart with your right mouse button
  • In the dropdown menu, click on Indicator List
  • Select the indicator and click on properties
  • Now you can edit the inputs, colors, levels, scale and visualization
  • Finally click the OK button to save the new configuration