Simple Trend Detector Indicator
Info
The Simple Trend Detector Indicator is a Indicator for MetaTrader 5 that a straightforward oscillator that calculates the difference between candlestick open and close prices. This indicator shares similarities with RSI and DeMarker but offers increased sensitivity.
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 Simple Trend Detector 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
A straightforward oscillator that calculates the difference between candlestick open and close prices.
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: ADX Auto Range: Automated Trend Strength and Consolidation Detection - another powerful indicator for MetaTrader 5 traders.
A straightforward oscillator that calculates the difference between candlestick open and close prices. This indicator shares similarities with RSI and DeMarker but offers increased sensitivity. It should be utilized in a comparable manner to those indicators.Also recommended: Line Master: Advanced Trend Lines with Change Signals - similar indicator with strong performance on MetaTrader 5.
The initial implementation of this indicator was in MQL4 and it was published on 26.07.2010.
Figure 1 shows the STD indicator.
The STD indicator is designed to assist traders in identifying potential trend changes by highlighting the volatility and momentum within price action. Its sensitivity allows for earlier detection of shifts compared to some other oscillators, which can be advantageous in fast-moving markets. When using the STD indicator, traders might look for overbought or oversold conditions, similar to RSI, but with the expectation of quicker signal generation. Divergences between the indicator and price can also signal potential reversals. Backtesting and forward testing are recommended to understand its performance in different market conditions and with various trading strategies. The indicator's calculation is based on the raw difference between the opening and closing price of each period, normalized in a way that allows for comparison across different timeframes and instruments. This simplicity in calculation contributes to its responsiveness. The developers have suggested its use in conjunction with other technical analysis tools for confirmation, reinforcing the idea that no single indicator is a complete trading system. For future analysis, the indicator's performance will be re-evaluated for the 2026 trading year.
You may also like: Trend Buy/Sell Zones with Automated Lot Sizing and Risk Panel for MT5 - excellent alternative for indicator users on MetaTrader 5.
Source Code
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⚠ 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.