Market Trend Indicator
Info
The Market Trend Indicator is a Indicator for MetaTrader 5 that this indicator displays the current market trend. It is calculated using the following formula:where:open[bar] - the opening price of the bar.
Usage
This tool is typically used for trend following strategies across multiple currency pairs.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Market 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 displays the current market trend.
Typical Use Case
This Indicator excels in trend following on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Quantora Trading Session Monitor MT5: Professional Market Session and Activity Analysis - another powerful indicator for MetaTrader 5 traders.
This indicator displays the current market trend.Also recommended: Quantora Market Volatility Monitor MT5 - Professional ATR and Volatility Dashboard - similar indicator with strong performance on MetaTrader 5.
It is calculated using the following formula:where:
open[bar] - the opening price of the bar.
close[bar] - the closing price of the bar.
sma() - the smoothing algorithm.
period - the smoothing period.
bar - the bar index.
Indicator Basic Signals:
- Zero line upward crossing: Buy signal.
- Zero line downward crossing: Sell signal.
The indicator utilizes the Сmoving_average class from the smoothalgorithms.mqh library.
This indicator was first implemented in MQL4 and published on 03.08.2026.
You may also like: Quantora Multi-Timeframe Trend Dashboard MT5 - Professional EMA Trend Analysis - excellent alternative for indicator users on MetaTrader 5.
Source Code
/*
* place the smoothalgorithms.mqh file
* to the terminal_data_folder\mql5\include
*/
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property indicator_separate_window
#property indicator_buffers 2
#property indicator_plots 1.......
⚠ 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.