The Trend Strength Indicator MT4 is a trend indicator for MetaTrader 4, specifically designed to indicate the current strength of a trend. It measures the strength of a trend and displays it as a percentage, ranging from 10% to 100%, on an additional chart. Consequently, this makes it easy to quickly gauge momentum. The trend strength is visually represented by green and red arrows, each initially set at 10%. As the trend develops, the indicator dynamically updates with new arrows marked by percentage values. Green arrows signal an uptrend momentum strength, while red arrows signal a downtrend momentum strength. This indicator performs technical analysis, allowing you to focus on making informed decisions based on the percentage values displayed. In addition to helping you track trend strength, it also aids in identifying ranging or consolidating markets, thereby giving you the confidence to manage trades more effectively.
This indicator is suitable for traders of all skill levels and across all time frames. Its versatility extends to trading multiple currency pairs within any forex trading system or strategy, for additional confirmation of current trend strength.
Indicator Settings
How to Install Trend Strength Indicator MT4
Download and extract files in the MetaTrader “Indicators” Data Folder found in the Main Menu File section:
The “Indicators” folder is located in the “MQL4” folder.
Restart MetaTrader Platform.
