MT4 Trend Indicator | Custom Indicators with Free Trading Signals
Surely you’re familiar with this expression –‘The trend is your friend’ . The actual source of who said that is unknown but the statement remains to be the Holy Grail of the most successful traders. The biggest profits are made by following the trends. TrendViper, a non-repainting trend indicator is specifically designed to help you recognize and follow trends on your MetaTrader 4 trading platform. In addition, the indicator will generate free BUY and SELL trading signals.
TrendViper has been designed from the ground up with novice traders in mind but the trend indicator also tailors to advanced professionals. The Smart Display window positioned on the right on your trading chart shows essential price information and it lets you have a glimpse of upper time frames without the need for tracking the price action in multiple windows. Here is a complete break down of the display functions.
This video is almost 3 minutes long and shows 45 minutes of real time trading. It was recorded on EURUSD 1M chart for illustration purposes. Trading 1H, 4H, 1D is recommended.
The MT4 Trend Indicator will help you to remain steady while everyone else is shaky. Trading trends off price action alone can be very difficult. Using ten indicators at once is confusing and counter-productive.
One needs a simple to follow strategy where one indicator is enough. TrendViper will smooth out the price action and eliminate market noise to form a clearer picture of what’s really going on with the price action.
Following trends is where the big money is in Forex but trading them is a real challenge for most traders.
This is where the MT4 trend indicator will come in handy. With its informational visual display, additional market filters, user customisation options, and automated trading signals, TrendViper is the only indicator you will ever need to trade trends.
Now you can trade with ease. The TrendViper indicator will not only show you trends on your traded chart but it will also give you immediate insights into current trends and candle direction on upper time frames. Thus making following trends even easier.
TrendViper will generate trading signals based on predefined settings. The buy and sell signals can notify you of each new trading opportunity.
In addition to big arrows drawn on the charts the signals can be delivered as a small pop up window with a sound alert (as seen in image), email message, or a push notification send to your mobile.
Once the trend indicator is installed and running you will be able to receive buy and sell trading signals continuously without any monthly fees.
The trading signals will notify you of potential trade opportunities. You no longer need to stay glued to your monitor screen but can enjoy your day and do other tasks as well.
IMPORTANT! When your trade Forex with TrendViper, trade on 1H, 4H, 1D charts for greater accuracy of the signals and to capture bigger market moves. The truth is that for most Forex traders more trades don’t translate into bigger winnings (unless you operate high frequency trading platform). Very often it’s quite the opposite. One to two good trades a week is all you really need to succeed in Forex and make money.
Once you receive a signal we recommend taking a quick look at the charts to confirm the signal with other data on the screen and price action patterns. Once you’re comfortable with the signal, enter the trade with enough margin to cover small price pullbacks.
Free trading signals sent to your email and/or mobile.
In addition to arrows on the chart and pop ups in MetaTrader our custom MT4 trend indicator will also send email alerts and push notifications to your mobile. The email alerts, as well as other notifications can be switched on or off in the indicator settings.
Below is an example of an email alert sent to a mailbox.
The Forex trading signals can also be delivered to your mobile via a push notification. In order for this to work you will need to install MT4 app on your mobile and log in with with the same account details as you use on your computer. Signals are sent almost instantaneously.
In order to receive the Buy/Sell trading signals to your email address or your phone, your MetaTrader 4 needs to be configured with your server details, email account, phone number, and it needs to be running.
Unfortunately many custom MT4 indicators work slowly or even crash the MetaTrader software. Moreover, when you try to remove them from your beloved trading platform they leave a logo or other objects on your screen requiring you to add the indicator again or reinstall your entire MT4 platform, which is a very frustrating process.
Fortunately, TrendViper is easy to install and run on your MT4 but it is also easily removed, if required. Although our trend indicator is quite a robust piece of software it is still a very lightweight script that was programmed from the ground up to be extremely fast and responsive. Not only will it run on multiple charts but it can also run with different settings on each chart!
The end result is that you can easily run TrendViper on multiple charts without slowing down the performance of your MetaTrader.
There are many custom Forex indicators out there that hide certain information from users. For example, some indicators will generate buy and sell arrows on MA lines crossovers but they will hide the lines and only show the arrows. This is done mostly to make users believe there is a lot of complex calculation going on in the background, where in some cases this is simply not true.
(We show the MA lines by default but there is an option in the MT4 Trend Indicator settings that allows to hide the lines, so that only the buy/sell arrows are visible on the chart.) However, we feel that a trader should always be well informed and seeing the layout of the MA lines helps in determining the intensity of a trend.
Moving averages are my gurus. – Larry Tentarelli, a known trend trader who found success with Merrill Lynch, wealth management division of the Bank of America
For those who like to get technical here is a quick summary of the workings behind our Forex trend indicator. TrendViper is based on Moving Averages, Average Directional Index (ADX) and Price Action. All calculations in this unique trend indicator represent factual and unbiased data. All TrendViper settings can be modified and used in any trading system.
In the default settings the green line represents a fast moving average of 5 EMA (Exponential Moving Average). The red line represents a slow moving average of 50 SMA (Simple Moving Average). When the fast moving average is above the slow moving average we recognize an Uptrend, which is marked in green. When it is below the slow moving average we treat it as a Downtrend, which is marked in red. The arrows and the trading signals are automatically generated when the two moving averages cross and when the ADX treshold is met.
Moving average crossover signals are good indicators of changing trends but they perform best in trending markets, not when markets are consolidating and contracting.
To maximize the winning potential of the moving average crossover strategy and signals in adapting markets we added a few additional filters.
1. ADX Power filter
The main and most powerful filter in the system is based on the Average Directional Index, ADX, which is used to quantify the strength and intensity of a trend. Generally it is accepted that when the ADX level is above the value of 25 there is a considerable price movement and there is a presence of a trend.
On the Trend Power bar visible in the TrendViper display all red bars represent values below 25. The first green bar is a value above 25. The actual values of the ADX power bar represented in bars is as follows: 0-10 /11-15 / 16-19 / 20-23 / 24-25 / shown in red and 26-30 / 31-35 / 36-50 / 51-70 / 71-100 shown in green .
Naturally, the more green bars there are the stronger the trend and stronger signal. The filter threshold for the arrows and the signals is set at 25 (this can be modified in settings, some traders like to use 20 or 22 ADX). No signals will be generated if the ADX is below the set threshold. Signals should be confirmed with upper time frame trend direction and other information visible in the additional display.
Higher Time Frame filter
The setting Confirm on Next Upper Time frame can be used to filter the signals by looking at the trend on the next upper time frame. By default, this option is turned off but you can quickly change it in the indicator settings by choosing option ‘True’. In some instances confirmation of the trend on higher time frame will save you from potentially trading against a predominant trend. When this option is turned on if you’re trading on 1H chart and you get a BUY signal, then the trend on the 4H chart will also have to be bullish.
3. Candle Close
By default, the setting Wait for Candle Close is set to False, meaning the signals will be generated as soon as the MA lines cross and the ADX threshold is met. This option is better for early signals. If Candle close is set to True, the arrows and signals would appear only when the lines have crossed and the candle has closed. Choosing this option will generate a slightly belated signals but some traders prefer each crossover to be confirmed with a candle close.
TrendViper is a very powerful trading tool that can be used successfully by novice, as well as a professional traders. Essential technical and visual features can be modified or switched off, making our mt4 trend indicator a very versatile tool that can be used entirely on its own or with any other trading system. Here is a breakdown of all the available settings and options with a brief explanation for each.
If all those settings above frighten you please don’t worry. The TrendViper MT4 Trend Indicator works well with its default settings of 10/50. However, in order to configure and tweak your trading system and signals you can experiment with modifying the most important settings in TrendViper which are:
- Fast MA Period (default is set to 5 EMA)
- Slow MA Period (default is set to 50 SMA)
- ADX threshold (default is set to 25)
The default settings on TrendViper are optimized for short term trading. Settings can be modified to reflect your trading strategy. Long term traders might use 50 SMA / 200 SMA (Simple Moving Average) or 21 EMA / 100 SMS or 200 SMA and yet other traders might use 5 EMA / 50 SMA. There are many possibilities.
TrendViper can be used in many ways. We tested the indicator on MetaTrader 4 in an autmated environment within a dedicated expert advisor to see how it performs with its default settings. We tested in on EURUSD within one year period on H1 charts with the most precise method using real price data from the past year. As you can see from the results with a slight change of the ADX filter results can be improved.
The TrendViper indicator can perform much better when there is a real human input in the trading process. However, these results are good examples that show the power of these trading signals. 76% annual return is a very good return for any trader. 114% annually is even better! I doubt there is a bank or investment fund that can match any of these profit rates!
The beauty of the TrendViper indicator is that it is simple to use but very versatile. Many novice traders over-complicate their trading charts, sometimes viewing more than 5 indicators at once. In these type of a set ups some indicators will send conflicting signals and the user may feel exhausted after each trading session which will result in bad trading experience. When it comes to financial markets a simple strategy is often considered to be much more effective.Here is a brief look at a MA crossover trading strategy to be used with the MT4 trend indicator.
1. Observe the two MA lines and the histogram color change. When the green line crosses the red it may be a potential trade. You will also receive a signal alert (arrow, popup, and email or push notification)
2. Confirm the signal with the Trend Power bar. It should have at least one bar in green to confirm the presence of a stronger trend.
3. Confirm the signal with the trend on upper time frame. If the trend on the upper time frame is the same there is a greater probability that the trend will continue on your chart.
4. Finally, you can confirm the signal with the candle on upper time frame as well. If the candle shows the same direction of the trend, it might be a good time to enter.
One of the best setups, reaching a high success rate is when there is a MA crossover signal and all the other indicators in the TrendViper display visible on the chart support it and show the same direction as the signal.
So if the signal is up, indicating a bullish trend, all supporting indicators in the display are in green.
If the signal is down, indicating a bearish trend, all supporting indicators in the display are in red (with the exception of the Trend Power bar which should show at least one green bar indicating the presence of a forming trend, see picture).
When a signal is confirmed by the supporting display the probability of the market reversing suddenly is slim.
TrendViper has help me so much in determining what trend is taking place and also how secure of a trade it will be based upon the awesome indicators you get with this system. For how cheap it was it has been well worth the investment! – Justin D.
You can download and start using the TrendViper indicator today. The whole package contains the following:
- TrendViper MT4 Trend Indicator
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No, TrendViper may lag behind the price action since it analyses past and current price data but it does not repaint. It is a non-repainting trend indicator.
Yes, the TrendViper can be used on any time frame but it’s better to use it on at least 1H chart. Trading 1M chart is not recommended. However, TrendViper can be configured and traded in so many ways that even 1M or 5M chart could potentially be mastered, which would be useful in binary options trading, for example.
Yes, the TrendViper can be applied to any chart and any asset.
Yes, buy/sell trading signals can be shown in a popup with sound alert, send via email, or send via push notification to your smartphone. (The last two sending methods may require additional MT4 configuration.)
You can open an account and start trading the world’s financial markets with as little as $100.
No, there are no recurring payments. This is a single purchase and the TrendViper will be yours forever without any other payments.
All updates or any future improvements are free of charge. Users will be notified by email. To obtain the updated version of the indicator simply send us your proof of payment and we will send you the latest version of the TrendViper.
This largely depends on the indicator settings and the charts your’re trading. If you’re trading 1H chart and you’re using the indicator’s default settings, you can expect to receive 1-3 trading signals a day.
There is no magic indicator that is going to make one rich quickly. Indicators are simply trading tools that help to trade. This indicator will help you recognize trends and alert you of potential trades. This is not a get-rich-scheme, instead we take an honest and transparent approach to trading.
This MT4 trend indicator is not an expert advisor which trades on its own. All trades must be executed manually based on the information seen on the charts.