Universal Trend Indicator for MT4/MT5
Info
The Universal Trend Indicator for MT4/MT5 is a Indicator for MetaTrader 4 that this indicator displays the trend direction for multiple currency pairs on the current timeframe. The indicator operates by comparing three Moving Average (MA) indicators with different shift parameters.
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 Universal Trend Indicator for MT4/MT5
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 displays the trend direction for multiple currency pairs on the current timeframe.
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 displays the trend direction for multiple currency pairs on the current timeframe.Also recommended: Mr. Wave: Market Trend Visualization - similar indicator with strong performance on MetaTrader 4.
The indicator operates by comparing three Moving Average (MA) indicators with different shift parameters.
Input Parameters:
The indicator settings can be adjusted as follows:
- shiftma1: Fast EMA shift period
- shiftma2: Intermediate EMA shift period
- shiftma3: Slow EMA shift period
Other indicator parameters are also adjustable, including the display corner.
The indicator values correspond to the ratio of the top row of currency pairs to the side column, relative to the current chart timeframe.
Display on Chart:
You may also like: Pin-Point Trend Following Strategy - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property indicator_chart_window
extern string note3=" ";
extern int shiftma1=9; //19
extern int shiftma2 = 26; //55
extern int shiftma3 = 55; //89
extern string mamode= "mode_ema";
extern string pricemode="price_close";.......
⚠ 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.