The XTC Forex Trend indicator for Metatrader 4 is a trend oscillator that delivers solid buy & sell signals for any pair.
The indicator appears in a separate chart window in the form of a red and blue colored oscillator.
For scalping and day trading, the XTC Forex Trend indicator tends to produce the best results during the London and U.S. trading sessions on the lower spread currency pairs.
Key Points
- Buy & sell technical oscillator
- Solid performance
- Newbie friendly
- Well worth adding to your indicator collection
This indicator can work together with any existing trading strategy or system as a buy & sell trend confirmation tool.
Free Download
Download the “xtc trend indicator.ex4” MT4 indicator
Indicator Example Chart
The EUR/USD 1-hour chart below shows the XTC Forex Trend indicator in action.
Trading Signals
BUY:
- A buy signal is given when the first blue colored histogram bar appears in the bottom chart window.
- Set the stop loss a few pips below short-term support.
- Exit the buy trade for a predetermined profit target or wait for a sell signal.
SELL:
- A sell signal is given when the first red histogram bar appears in the bottom chart window.
- Set the stop loss a few pips above short-term resistance.
- Exit the sell trade for a predetermined profit target or wait for a buy signal.
Download Now
Download the “xtc trend indicator.ex4” MT4 indicator
XTC Forex Trend Indicator with 21 EMA Confirmation Strategy
The XTC Forex Trend Indicator for MetaTrader 4 is a trend oscillator that provides clear buy and sell signals through its colored histogram bars.
This enhanced strategy incorporates the 21-period Exponential Moving Average (EMA) as a trend confirmation tool.
Strategy Overview
- Time Frame: 15-minute or 1-hour charts
- Currency Pairs: Major pairs with low spreads (e.g., EUR/USD, GBP/USD)
- Indicators Used:
- XTC Forex Trend Indicator (default settings)
- 21-period Exponential Moving Average (EMA)
Entry Criteria
Buy Signal
- The XTC histogram turns blue, indicating bullish momentum.
- The current price is above the 21 EMA, confirming an uptrend.
Sell Signal
- The XTC histogram turns red, indicating bearish momentum.
- The current price is below the 21 EMA, confirming a downtrend.
Trade Management
- Entry: Enter the trade at the close of the candle that meets the entry criteria.
- Stop Loss: Place a stop loss a few pips below the recent swing low for buy trades, or above the recent swing high for sell trades.
- Take Profit: Aim for a risk-to-reward ratio of at least 1:2, or exit the trade when the XTC histogram changes color, indicating a potential trend reversal.
Why Combine XTC Indicator with 21 EMA?
While the XTC Forex Trend Indicator provides clear signals based on histogram color changes, integrating the 21 EMA adds a layer of trend confirmation.
This combination helps filter out false signals and ensures that trades are taken in the direction of the prevailing trend, enhancing the overall effectiveness of the trading strategy.
Technical Parameters & Settings
Colors, style
Feel free to explore the indicator’s different parameters and settings to create your personalized indicator setup.
More Info About This Tool
Currency Pairs: works on any currency pair
Trading Platform: developed for Metatrader 4 (MT4)
Time Frames: any
Indicator Type: Trend
How do you install the XTC Forex Trend indicator in Metatrader 4?
- Copy and paste the xtc trend indicator.ex4 indicator into the MQL4 indicators folder.
- You can access this folder from the top menu as follows:
- File > Open Data Folder > MQL4 > Indicators (paste here)
