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.
Download the “trend-suite.ex4” MT4 indicator
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.
Download the “trend-suite.ex4” Metatrader 4 indicator
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)