simpler trend
Info
The simpler trend is a Indicator for MetaTrader 4 that although there are many similar indicators out there, this particular one is based on previously published by and incorporates a number of improvements, part of which was added following user request in comments. list of fixes and improvements inputs to enable/disable each alert type separately.
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 simpler trend
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
although there are many similar indicators out there, this particular one is based on previously published by and incorporates a number of improvements, part of which was added following user request in comments.
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.
although there are many similar indicators out there, this particular one is based on previously published by and incorporates a number of improvements, part of which was added following user request in comments.
Also recommended: i trend indicator suite - similar indicator with strong performance on MetaTrader 4.
list of fixes and improvementsinputs to enable/disable each alert type separately.
simplified and easy-to-grasp color theme.
additional signal buffer (indicator output value).
miscellaneous minor fixes. the list of adjustable parameters
average period = 30
- indicator period.
sensitivity = 3
- sensitivity to price fluctuations.
enable alerts = false
- enable/disable trading alerts in metatrader 4.
enable push notification = false
- enable/disable push trading alerts. examples recommendations
please, make sure you combine these signals with other sources of fundamental and technical analysis, do not rely on this indicator alone for your trading decisions.
thank you for reading!
You may also like: trend manager open2: enhancing trading efficiency - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property indicator_chart_window
#property indicator_buffers 3
#property indicator_color1 green
#property indicator_color2 red
#property indicator_width1 3
#property indicator_width2 3
#property strict
extern int avgperiod = 30; // average period
extern double sensitivity = 3; // sensitivity.......
⚠ 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.