The Zwinner Trend Forex indicator for Metatrader 4 transforms price data into a solid buy & sell technical indicator that works for any time frame.
The indicator appears in a separate chart window in the form of green and red colored signal blocks.
It can work as a standalone trading tool and does not repaint the signals.
Key Points
- Buy/sell signals indicator
- Good for scalping
- Good for day trading
- 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 “Zwinner trend.mq4” MT4 indicator
Indicator Example Chart
The USD/JPY 1-hour chart below shows the Zwinner Forex indicator in action.
Basic Trading Signals
BUY:
- Open a buy trade as soon as the first green signal block appears in the bottom chart.
- Set stop loss below technical support.
- Exit the buy trade for a predetermined profit target or wait for a sell signal.
SELL:
- Open a sell trade as soon as the first red signal block appears in the bottom chart.
- Set stop loss above technical resistance.
- Exit the sell trade for a predetermined profit target or wait for a buy signal.
Download Now
Download the “Zwinner trend.mq4” MT4 indicator
Enhanced Trading Strategy: Combining Zwinner Trend Indicator with RSI for Momentum Confirmation
Overview
To improve the reliability of trade signals, this strategy integrates the Zwinner Trend Indicator with the default Relative Strength Index (RSI) MT4 indicator.
While the Zwinner Trend Indicator provides clear visual cues of market trends through green (bullish) and red (bearish) bars, the RSI offers insights into market momentum, helping to confirm potential trade entries and filter out false signals.
Required Indicators
- Zwinner Trend Indicator: Displays green bars for bullish trends and red bars for bearish trends in a separate window below the main chart.
- Relative Strength Index (RSI): A momentum oscillator that measures the speed and change of price movements, helping to identify overbought or oversold conditions.
Trading Rules
Buy Setup
- Wait for the Zwinner Trend Indicator to display green bars, indicating a bullish trend.
- Confirm that the RSI is above 50, suggesting upward momentum.
- If both conditions are met, enter a long position.
- Place a stop loss below the recent swing low or a key support level.
- Set a take profit target based on a risk-to-reward ratio of at least 1:2 or exit when the Zwinner Trend Indicator turns red.
Sell Setup
- Wait for the Zwinner Trend Indicator to display red bars, indicating a bearish trend.
- Confirm that the RSI is below 50, suggesting downward momentum.
- If both conditions are met, enter a short position.
- Place a stop loss above the recent swing high or a key resistance level.
- Set a take profit target based on a risk-to-reward ratio of at least 1:2 or exit when the Zwinner Trend Indicator turns green.
Tips for Implementation
- Apply this strategy on time frames of 15 minutes or higher to reduce market noise.
- Use additional tools like support and resistance levels to identify optimal entry and exit points.
- Always test the strategy on a demo account before applying it to live trading.
Strategy Conclusion
By combining the Zwinner Trend Indicator’s clear trend signals with the RSI’s momentum analysis, traders can enhance the accuracy of their entries and exits.
This integrated approach aims to provide more reliable trading opportunities by confirming potential trends with momentum indicators.
Customizable Indicator Parameters & Settings
Colors, style
More Info About This Indicator
Currency Pairs: works on any currency pair
Trading Platform: developed for Metatrader 4 (MT4)
Time Frames: any
Indicator Type: trend
How to install the Zwinner indicator in Metatrader 4?
- Copy and paste the Zwinner trend.mq4 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)
