The Trend Strength Scanner Forex Dashboard indicator for Metatrader 4 measures trend + strength of the trend on a scale of 10%-100% for both up trends and down trends.
At a glance, you discover both trend direction and trend strength for any currency pair and time frame.
This is a powerful Forex indicator that you should try right away!
The indicator can be used by both beginners and seasoned traders and dynamically updates all technical information.
Buy & Sell Trade Example
- Open a long trade when the up trend > 70% and down trend < 20%
- Open a short trade when the down trend > 70% and up trend < 20%
Free Download
Download the “Trend strength.ex4” indicator for MT4
Indicator Chart (EUR/USD M30)
The example chart below displays the Trend Strength Scanner Forex Dashboard mt4 indicator in action on the trading chart.
After you downloaded and installed the indicator on the MT4 trading platform, it should look like the image as shown above.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method when trading with this powerful 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 + strength
Does the indicator repaint? No.
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Download the “Trend strength.ex4” indicator for Metatrader 4
