The XTC Forex Trend indicator for Metatrader 4 is a trend oscillator that delivers solid buy & sell signals for any pair.
The indicator appears in a separate chart window in the form of a red and blue colored oscillator.
For scalping and day trading, the XTC Forex Trend indicator tends to produce the best results during the London and U.S. trading sessions on the lower spread currency pairs.
After you downloaded and installed the indicator on the MT4 trading platform, it should look like the image as shown below.
Key Points
- Buy & sell technical oscillator
- Solid performance
- Newbie friendly
- Well worth adding to your indicator collection
This indicator can work together with any existing trading strategy or system as a buy & sell trend confirmation tool.
Free Download
Download the “xtc trend indicator.ex4” MT4 indicator
Indicator Example Chart
The EUR/USD 1-hour chart below shows the XTC Forex Trend indicator in action.
Basic Trading Signals
BUY:
- A buy signal is given when the first blue colored histogram bar appears in the bottom chart window.
- Set stop loss a few pips below short-term support.
- Exit the buy trade for a predetermined profit target or wait for a sell signal.
SELL:
- A sell signal is given when the first red colored histogram bar appears in the bottom chart window.
- Set stop loss a few pips above short-term resistance.
- Exit the sell trade for a predetermined profit target or wait for a buy signal.
Download This Forex Indicator
Download the “xtc trend indicator.ex4” MT4 indicator
Adjustable Parameters & Settings
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
How to install the XTC Forex Trend indicator in Metatrader 4?
- Copy and paste the xtc trend indicator.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