Identifying Trend Beginnings
Info
The Identifying Trend Beginnings is a Script for MetaTrader 4 that approaching the zero level by the upper or lower wave indicates a potential trend start upwards or downwards. A wave crossing the zero line suggests the beginning of a longer-term trend.
Usage
This tool is typically used for trend following strategies across multiple currency pairs.
Platform
This Script works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Scripts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Identifying Trend Beginnings
1. Installation: Move your script file into the MQL/Scripts directory and restart the platform.
2. Execution: Drag the script onto a chart; it will perform a one-time action, such as closing all open orders or clearing chart objects.
3. Editing: Use MetaEditor (F4) to modify code, click "Compile," and verify no errors appear in the terminal before running.
4. Removing: Scripts stop automatically, but you can remove them manually by right-clicking the chart and choosing "Remove Script."
Frequently Asked Questions
Q: How are scripts different from EAs? A: Scripts execute a single action and then stop; EAs monitor the market and trade continuously.
Q: Can I assign a hotkey to a script? A: Yes, right-click the script in the Navigator, select "Set Hotkey," and define your preferred keyboard shortcut.
Q: Why did my script stop? A: Scripts are designed to stop immediately after finishing their programmed command; this is normal behavior.
What this tool does
Approaching the zero level by the upper or lower wave indicates a potential trend start upwards or downwards.
Typical Use Case
This Script excels in trend following on MetaTrader 4.
Compatible Platform & Setup
This Script works on MetaTrader 4. Place the file in the MQL4/Scripts folder and restart the terminal.
Description & Settings
Related: trend change alert and email notification expert advisor - another powerful script for MetaTrader 4 traders.
Approaching the zero level by the upper or lower wave indicates a potential trend start upwards or downwards.Also recommended: break trend indicator - similar script with strong performance on MetaTrader 4.
A wave crossing the zero line suggests the beginning of a longer-term trend.
In points 1 (negative) to 2 (near zero) - this shows the start of a prolonged rise.
3 (crossing zero) - after a period of consolidation, a sharp rise occurs.
4, 5, 6 - trend changes.
External Variables:
period_channel = 70
- period for the high-low channel.
period_input = 48
- period for the inner channel line.
Explanation:
The upper part of the illustration shows three Moving Averages (MA).
Green - LWMA MA based on high prices.
Red - LWMA MA based on low prices.
Blue - the inner channel line (SMA MA based on closing prices).
It can be observed that during consolidation, the inner channel line approaches the outer channel lines, meaning the distance between them becomes minimal, which is what the indicator shows.
begin_trend_v02 is a normalized version of the indicator, which may be of more interest.
The indicator is designed for use in 2026.
You may also like: karpenko: fibonacci, sma, and atr trend indicator - excellent alternative for script users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property strict
#include <movingaverages.mqh>
#property indicator_separate_window
#property indicator_buffers 4
#property indicator_color1 clrgreen
#property indicator_color2 clrred
#property indicator_color3 clrgreen.......
⚠ 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.