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Forex Trend Scalper Indicator (MT5)

The Forex Trend Scalper indicator for Metatrader 5 is an excellent trading tool for identifying quick trade entries and exits throughout the trading day.

The indicator works very well for both scalpers and day traders.

Forex Trend Scalper opens in a bottom window in the form of colored buy/sell trend histogram bars.

The indicator can be traded in multiple ways, find an example below.

Buy & sell signal:

  • A buy signal occurs when the first green histogram bar appears on the bottom chart.
  • A sell signal occurs when the first red histogram bar appears on the bottom chart.

This scalping tool can also be used as an additional FX signal indicator that works together with an existing trading strategy or system of your preference.

The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.

Free Download:

Download the “adx-vma-trend-indicator.mq5” indicator for MT5

Indicator Example Chart (EUR/USD H1)

The picture below shows the Forex Trend Scalper indicator in action on the MT5 trading chart.

Trading Tips:

Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Forex Trend Scalper indicator.

As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.

Indicator Specifications & Inputs:

Trading Platform: Developed for Metatrader 5 (MT5)

Trading Instruments: Works for Forex, Stocks, Commodities, Equity Indices, Precious Metals, Energies and Shares

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: Scalping

Does the indicator repaint? No.

Download Now:

Download the “adx-vma-trend-indicator.mq5” indicator for Metatrader 5

How to install this indicator on Metatrader 5?

Open the Metatrader 5 platform

From the top menu, click on “File”

Then click on “Open Data Folder”

Then double click with your mouse button on “MQL5”

Now double click on “Indicators”

Paste the adx-vma-trend-indicator.mq5 indicator in the Indicators folder.

Finally restart the MT5 platform and attach the indicator to any chart.

How to remove the indicator?

Right click with your mouse on the chart that you have the indicator attached to.

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 on the chart that you have the indicator attached to.

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.