The trend direction force MT4 indicator is a trend following buy/sell signal oscillator that works well for any currency pair and time frame of your preference.
Extreme values fluctuate between 1 and -1.
Buy and sell trends are easy to follow with this oscillator:
- A buy trend occurs when the red oscillator signal line rises back above the upper gray 0.00 horizontal line from below.
- A sell trend occurs when the red oscillator signal line falls back below the lower gray 0.00 horizontal line from above.
It’s recommended to confirm signals from the trend direction force MT4 indicator with other technical tools or with price action.
Feel free to experiment with the different indicator’s inputs settings to suit your needs and preferences.
The GBP/USD 30-Minute chart below displays the Trend Direction Force Metatrader 4 forex indicator in action.
Basic Trading Signals
Signals from the Trend Direction Force MT4 forex indicator are easy to interpret and goes as follows:
Buy Signal: Open a buy trade when the red signal line of the Trend Direction Force MT4 indicator rises back above the upper 0.00 gray line.
Place a stop loss below support or use your own preferred SL method.
Sell Signal: Open a sell trade when the red signal line of the Trend Direction Force MT4 indicator falls back below the lower 0.00 gray line.
Place a stop loss above resistance or use your own preferred SL method.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart window indicator
Customization options: Variable (time frame, trend period) Width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, Daily, Weekly, Monthly
Copy and paste the trend-direction-force-index-indicator.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)