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 idea:
- 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 Example 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.
Download Now:
Download the “Trend strength.ex4” 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 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.