The Trend Suite Metatrader 4 forex indicator is a technical tool that is built on a simple moving average and exponential moving average.
If you plot a 50-period EMA, you’ll discover that it matches with the middle thin line found on the Trend Suite MT4 indicator.
Primarily, the indicator gets displayed in the form of a band around price when added on the activity chart.
It is a perfect trend tool that does not only track trend but also everything that happens within a trend, thus allowing it offer a lot more trading opportunities than other forex indicators.
The Trend Suite indicator has limitless possibilities but novice traders should focus on its simplest setups.
The USD/CAD M15 chart below displays the Trend Suite Metatrader 4 forex indicator in action.
Basic Trading Signals
Buy Signal: Go long when price bars opens and closes above the Trend Suite Metatrader 4 forex indicator band.
Sell Signal: Go short when price bars opens and closes below the Trend Suite Metatrader 4 forex indicator band.
Exit buy trade: Close all buy orders if while a bullish trend is running, price dips lower to close within the Trend Suite indicator band.
Exit sell trade: Close all sell orders if while a bearish trend is ongoing, price jumps higher to close within the Trend Suite indicator band.
Tips: The Trend Suite indicator will display 20 times more profitable buy and sell trade signals than traditional moving averages due to its attention to market timing.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart window indicator
Customization options: Variable (Indicator_On, Trend_Setting, Trend_Period, Trend_EMA_vs_SMA, Show_Band_Line_Solid_123, Band_Settings, Fill_Color, Line_Setting, Show_High_Low_Lines, High_Low_Color, High_Low_Style, High_Low_Width, show_Centerline, Use_Default_Color, Default_Color, Alternate_Color, Line_Style, Line Width, Accent_centerline), 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 trend-suite.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)