Sideway Trend Indicator
Info
The Sideway Trend Indicator is a Indicator for MetaTrader 4 that this indicator uses the adx with a period of 14 to predict the current market trend. The trend is identified if the DI+ is above the DI- and both are above the main ADX line.
Usage
This tool is typically used for trend following strategies across multiple currency pairs.
Platform
This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Sideway Trend Indicator
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
This indicator uses the ADX with a period of 14 to predict the current market trend.
Typical Use Case
This Indicator excels in trend following on MetaTrader 4.
Compatible Platform & Setup
This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.
Description & Settings
Related: instantaneous trendline filter indicator - another powerful indicator for MetaTrader 4 traders.
This indicator uses the ADX with a period of 14 to predict the current market trend. The trend is identified if the DI+ is above the DI- and both are above the main ADX line.Also recommended: i trend indicator suite - similar indicator with strong performance on MetaTrader 4.
This indicator is designed for simplicity to easily visualize the ADX.
We recommend trying it and providing a rating. We hope your trading becomes simpler.
Using a 5-minute timeframe can provide faster confirmation, but other timeframes are also suitable.
Moving averages are not included.
You may also like: trend manager open2: enhancing trading efficiency - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property indicator_chart_window
extern int period_adx = 14;
int init()
{
objectcreate("side",obj_label,0,0,0,0,0);
objectset("side",objprop_xdistance,40);
objectset("side",objprop_ydistance,40);
objectcreate("side1",obj_label,0,0,0,0,0);.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.