ASC Trend for Metatrader 4 is a popular buy & sell Forex indicator among scalpers and day traders.
The indicator appears as a simple buy and sell arrow signals tool on the activity chart.
Key Points:
- An Aqua colored arrow represents a buy signal.
- A Magenta colored arrow represents a sell signal.
Tip: The default ASC Trend period can be modified by editing the indicator’s mql4 source code.
Free Download
Download the “asc-trend.mq4” indicator for MT4
Indicator Example Chart (USD/JPY H1)
How to trade with it (example)?
Open a buy trade as soon as the Aqua colored ASC Trend arrow gets printed on the chart.
Open a sell trade as soon as the Magenta colored ASC Trend arrow gets printed on the chart.
Exit the trade whenever an opposite trading signal occurs on the chart, or close near prior support/resistance.
Feel free to use your own favorite trading method or system to open and close trades with the ASC Trend Forex indicator.
Indicator Specifications
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Risk, count bars, color settings & style
Indicator type: trend
Repaint? Does not repaint the buy and sell arrows.
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Download the “asc-trend.mq4” indicator for Metatrader 4
Usage:
Works for any trade style: scalping, day trading and swing trading .
The ASC Trend indicator can be used as a standalone Forex trading system for scalping and day trading.
Installation:
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the asc-trend.mq4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.