How do I install this Indicator on MetaTrader 5?

Download the file, open MetaTrader 5 -> File -> Open Data Folder, copy the file to the correct folder (Experts / Indicators / Scripts / Libraries), then restart the terminal.

How do I activate / load this Indicator?

Drag the Indicator from the Navigator onto your chart and adjust the input parameters as needed.

Is this compatible with MetaTrader 5?

Yes, this Indicator is built specifically for MetaTrader 5.

Is this Indicator safe to use with real money?

All tools are provided for educational and testing purposes. We strongly recommend testing on a demo account first. Trading involves significant risk of loss.

Can I use this Indicator on multiple charts?

Yes, you can apply multiple indicators on the same chart.

Can I customize the settings of this Indicator?

Yes. Right-click on the chart and select properties to open and adjust parameters.

Free Trend Regime Inspector for MetaTrader 5 Indicator for MetaTrader 5

MetaTrader 5 indicator

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Trend Regime Inspector for MetaTrader 5

Info

The Trend Regime Inspector for MetaTrader 5 is a Indicator for MetaTrader 5 that trend regime inspector for metatrader 5open-source, non-trading indicator for examining whether market conditions are directional or choppy. It never opens, modifies, or closes positions.

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 Trend Regime Inspector for MetaTrader 5

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

Trend Regime Inspector for MetaTrader 5Open-source, non-trading indicator for examining whether market conditions are directional or choppy.

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 Multi-Timeframe Trend Dashboard MT5 - Professional EMA Trend Analysis - another powerful indicator for MetaTrader 5 traders.

Trend Regime Inspector for MetaTrader 5

Also recommended: Quantora Multi-Timeframe MACD Dashboard MT5 - Professional Momentum and Trend Analysis - similar indicator with strong performance on MetaTrader 5.

Open-source, non-trading indicator for examining whether market conditions are directional or choppy. It never opens, modifies, or closes positions.

Additional chart examples

What it displays

Trend score:
a signed -100 to +100 condition score.

Efficiency %:
Kaufman’s Efficiency Ratio, expressed as a percentage.

ADX:
the platform’s standard Average Directional Index.

Calculation

Trend score = direction × 100 × efficiency × min(1, ADX / 50).

Direction is positive when price is above a rising moving average, negative when price is below a falling moving average, and neutral otherwise.

How to read it

Green histogram bars meet the positive score threshold. Red bars meet the negative threshold. Grey bars are neutral or mixed. This is a condition filter, not a forecast or a buy/sell recommendation.

Inputs

Moving-average period and method; ADX period; efficiency lookback; and strong-score threshold.

Important

This indicator has no trading functions and uses standard MQL5 indicators only. Historical observations do not guarantee future behaviour. Validate any use for your own symbol, timeframe, broker conditions, and risk limits. Applicable from 2026 onwards.

You may also like: Quantora Moving Average Dashboard MT5 - Professional EMA SMA Trend Analysis - excellent alternative for indicator users on MetaTrader 5.

Source Code

#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version   "1.01"
#property description "This code is educational. Feel free to use, modify and upgrade as you wish. Visit ROBOTFX.ORG for professional trading tools"
#property strict
#property indicator_separate_window
#property indicator_buffers 4
#property indicator_plots   3
#property indicator_type1   DRAW_COLOR_HISTOGRAM
#property indicator_color1  clrFireBrick,clrDimGray,clrSeaGreen

.......

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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.