Simpler Trend Indicator
Info
The Simpler Trend Indicator is a Indicator for MetaTrader 4 that this indicator is an improved version of a previously published one, incorporating user feedback and enhancements. Improvements and new features:- Separate inputs to control alert types.
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 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 is an improved version of a previously published one, incorporating user feedback and enhancements.
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: Mistral Trend Candles Indicator - another powerful indicator for MetaTrader 4 traders.
This indicator is an improved version of a previously published one, incorporating user feedback and enhancements.Also recommended: Mr. Wave: Market Trend Visualization - similar indicator with strong performance on MetaTrader 4.
Improvements and new features:
- Separate inputs to control alert types.
- Simplified color theme for better visualization.
- Additional signal buffer for indicator output value.
- Minor fixes and adjustments.
Adjustable parameters:
- Average period: 30 (indicator period)
- Sensitivity: 3 (sensitivity to price changes)
- Enable alerts: false (enable/disable trading alerts in MT4)
- Enable push notification: false (enable/disable push alerts)
Usage recommendations:
It is advisable to use this indicator in conjunction with other technical and fundamental analysis tools. Do not base trading decisions solely on this indicator.
Note: This indicator is designed for MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
You may also like: Pin-Point Trend Following Strategy - 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.