The Simpler Trend Buy & Sell Metatrader 4 forex indicator is a good technical tool for trends. It delivers buy and sell signals directly on the main MT4 chart.
The indicator is known to color the price bars in line with the current state of the market.
The Simpler Trend indicator colors the price bars either green or red, where the former depicts bullish sentiments, while the later indicates bearish market sentiments.
The indicator allows you enable visual alerts within the inputs parameters, while also allowing you configure push notification, along with email notification.
This invariably means that you’re not going to miss out on any lucrative opportunity even when away from your trading desk.
Download the “simpler-trend.ex4” MT4 indicator
The GBP/USD M30 chart below displays the Simpler Trend Buy & Sell Metatrader 4 forex indicator in action.
Basic Trading Signals
Buy Signal: Go long when the Simpler Trend Buy & Sell Metatrader 4 forex indicator colors the price bars green.
Sell Signal: Go short when the Simpler Trend Buy & Sell Metatrader 4 forex indicator fills the price bars red.
Exit buy trade: Close all buy orders if while a bullish trend is running, the Simpler Trend indicator pops up a red colored price bar.
Exit sell trade: Close all sell orders if while a bearish trend is ongoing, the Simpler Trend indicator puts on display a green colored price bar.
Tips: The Simpler Trend indicator will give you a general picture of market trends and you can filter such signals by combining the indicator with other technical tools like the MACD.
The indicator works for scalping, day trading and swing trading.
Download the “simpler-trend.ex4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern indicator
Customization options: Variable (Average period, Sensitivity, Enable Alerts, Enable Email Notification, Enable Push Notification), width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the simpler-trend.ex4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)