About the Trend Strength Scanner Forex Dashboard
The Trend Strength Scanner Forex Dashboard MT4 is designed to help traders quickly identify strong market trends across multiple currency pairs and time frames.
Instead of analyzing charts one by one, this indicator presents trend direction and strength in a single dashboard view, saving time and improving decision making.
The indicator measures both up trends and down trends on a percentage scale ranging from 10 percent to 100 percent.
This allows traders to immediately see not only the direction of the market, but also how strong that trend is.
A higher percentage reflects stronger momentum and better trend quality.
By combining direction and strength, the Trend Strength Scanner Forex Dashboard MT4 filters out weak or ranging markets.
This makes it easier to focus only on pairs that show real movement.
The dashboard updates dynamically, ensuring that the data always reflects current market conditions.
Free Download
Download the “Trend strength.ex4” indicator for MT4
Key Features
- Displays up trend and down trend strength as percentage values.
- Scans multiple currency pairs and time frames in real time.
- Helps filter out low-momentum and sideways markets.
- Clean dashboard layout for fast decision making.
- Fully compatible with the MetaTrader 4 platform.
- Useful for trend trading and directional confirmation.
Indicator Chart
The Trend Strength Scanner Forex Dashboard MT4 chart shows a compact dashboard with percentage readings for bullish and bearish trends.
This overview allows traders to instantly spot buy and sell opportunities based on trend strength and direction.
It helps maintain focus on strong market conditions while avoiding weak setups.
Guide to Trade with Trend Strength Scanner Forex Dashboard
Buy Rules.
- The uptrend value is above 70 percent.
- The down trend value is below 20 percent.
- The higher time frame trend supports a bullish direction.
- Enter using price action or a preferred confirmation method.
Sell Rules.
- The down trend value is above 70 percent.
- The uptrend value is below 20 percent.
- The market shows consistent bearish momentum.
- Confirm entries with technical or price-based signals.
Stop Loss.
- Set the stop loss below the latest swing support for buy trades.
- Set the stop loss above the latest swing resistance for sell trades.
Take Profit.
- Target nearby support or resistance levels.
- Use a minimum risk-to-reward ratio of 1:2.
- Trail profits while trend strength remains high.
Scalping Strategy MT4: Forex Trend Strength Dashboard + Elite PRO Scalper Indicator
This scalping strategy combines the Trend Strength Scanner Forex Dashboard MT4 with the Elite PRO Scalper Indicator MT4.
The dashboard shows overall trend strength for the selected pair, while the arrow indicator provides precise entry signals.
By trading only when a strong trend aligns with a buy or sell arrow, this system aims to filter out weak setups and increase the probability of successful intraday trades.
This strategy is best applied on 5‑minute or 15‑minute charts of major forex pairs such as EUR/USD, USD/JPY, and GBP/USD.
The combination of trend filtering and momentum signals helps capture quick intraday moves while avoiding trades in choppy market conditions.
Buy Entry Rules
- The Trend Strength Scanner dashboard shows Up Trend > 70% and Down Trend < 20%.
- Elite PRO Scalper displays a blue arrow (buy signal).
- Open a buy trade when both conditions are met.
- Stop loss: a few pips below the recent swing low or support level.
- Take profit: 1.5× stop loss or exit if trend strength drops significantly.
Sell Entry Rules
- The Trend Strength Scanner dashboard shows Down Trend > 70% and Up Trend < 20%.
- Elite PRO Scalper displays a red arrow (sell signal).
- Open a sell trade when both conditions are met.
- Stop loss: a few pips above the recent swing high or resistance level.
- Take profit: 1.5× stop loss or exit if trend strength drops significantly.
Advantages
- Filters trades based on strong trend conditions to avoid low‑probability setups.
- Combines trend strength with precise arrow signals for higher-probability scalps.
- Works well on intraday charts with multiple trade opportunities.
- Simple, clear rules suitable for both beginner and experienced traders.
Drawbacks
- False signals can still occur in choppy or range‑bound markets.
- Scalping requires active monitoring and fast execution.
- Tight stop losses may be hit by market noise if spreads are wide.
- The take-profit targets are modest, so frequent trades are required to accumulate gains.
Case Study 1: EUR/USD 5‑Minute Chart
The Trend Strength Scanner dashboard showed Up Trend 75% and Down Trend 18%.
A blue arrow appeared on the Elite PRO Scalper.
A buy trade was opened at 1.1200 with a stop loss at 1.1190 and take profit at 1.1215 (1.5× risk).
Price moved quickly upward and hit the target, demonstrating how aligning trend strength with a buy arrow captures fast intraday gains.
Case Study 2: USD/JPY 15‑Minute Chart
The dashboard indicated Down Trend 72% and Up Trend 17%.
A red arrow appeared, signaling a sell trade.
Entry at 110.50, stop loss at 110.65, and take profit at 110.28.
Price moved downward steadily and reached the target, showing how the combination of trend strength and arrow signal provides high-probability scalping opportunities.
Strategy Tips
- Focus on 5‑minute or 15‑minute charts for optimal scalping performance.
- Only trade when both the trend strength and arrow signal align — skip trades if they disagree.
- Monitor trend strength for fading trends and exit early if necessary.
Download Now
Download the “Trend strength.ex4” indicator for Metatrader 4
FAQ
How does the Trend Strength Scanner Forex Dashboard MT4 calculate trend strength?
The indicator analyzes price movement and momentum to generate percentage-based readings that reflect the strength of bullish and bearish trends.
Which time frames are most effective with this indicator?
The dashboard works on all time frames, though many traders prefer H1, H4, and D1 for more stable and reliable trend signals.
Can this indicator be combined with other trading tools?
Yes. It works well alongside moving averages, price action strategies, and breakout systems as a trend confirmation tool.
Summary
The Trend Strength Scanner Forex Dashboard MT4 is a practical tool for traders who want to focus on strong trends and avoid low-quality market conditions.
By presenting direction and strength at a glance, it reduces analysis time and improves trade confidence.
Its user-friendly dashboard and dynamic updates make it reliable for daily trading.
With strong momentum filtering and broad market coverage, it adds real value to any MT4 trading setup.
