The Wildan Trend System Forex indicator for MT4 provides solid buy & sell signals in the form of colored trend bars.
The indicator appears in a bottom chart as blue/red colored histogram bars and it can be used as a standalone trading tool.
The Wildan Trend System indicator is very reliable, lightweight, and will not slow down your trading platform.
After you downloaded and installed the indicator on the MT4 trading platform, it should look like the image as shown below.
Key Points
- Trend histogram indicator
- Newbie friendly
- Works on any time frame
- Non-repaint
- Well worth adding to your indicator collection
This indicator can work together with any existing trading strategy or system as a trend confirmation tool.
Free Download
Download the “WildanTrendSystem.ex4” MT4 indicator
Indicator Example Chart
The GBP/USD 30-minutes chart below shows the Wildan Trend System Forex indicator in action.
Basic Trading Signals
Signals from the Wildan Trend System Forex indicator for Metatrader 4 are easy to interpret and goes as follows:
BUY:
- Open a buy order when the first blue histogram bar appears on the chart.
- Place stop loss below previous swing low.
- Exit the buy trade for a predetermined profit target or wait for a sell signal.
SELL:
- Open a sell order when the first red histogram bar appears on the chart.
- Place stop loss above previous swing high.
- Exit the sell trade for a predetermined profit target or wait for a buy signal.
Download This Forex Indicator
Download the “WildanTrendSystem.ex4” MT4 indicator
Adjustable Parameters & Settings
Length, KV, number of bars, colors, style
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
More Info About This Indicator
Currency Pairs: works on any currency pair
Trading Platform: developed for Metatrader 4 (MT4)
Time Frames: any
Indicator Type: trend system
How to install the Wildan Trend System indicator in Metatrader 4?
- Copy and paste the WildanTrendSystem.ex4 indicator into the MQL4 indicators folder.
- You can access this folder from the top menu as follows:
- File > Open Data Folder > MQL4 > Indicators (paste here)
How to remove the indicator from the chart?
- Right click in the chart
- Select indicators list
- Click on the indicator’s name
- Click on the delete button