The Forex Trend Dashboard MTF indicator for Metatrader 4 delivers out of the box buy and sell signals for the most popular time frames.
The indicator appears a dashboard in a bottom chart window of the trading platform.
Buy & sell signal:
- Open a buy position when the buy signal appears on the chart for your chosen time frame.
- Open a sell position when the sell signal appears on the chart for your chosen time frame.
The Forex Trend Dashboard MTF indicator can be used for both trade entry and exit or as a trend filter.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Indicator Example Chart (EUR/USD M5)
The example chart below displays the Forex Trend Dashboard MTF mt4 indicator in action on the trading chart.
Feel free to use your own favorite trade entry, stop loss and take profit method when trading with this trend-following signals 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
Does the indicator repaint? No.
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.