The Trend Traffic Indicator MT4 is a trend indicator for MetaTrader 4 and is designed to help Forex traders identify market direction and spot potential entry and exit points. The indicator uses Fast and Slow Exponential Moving Averages as its core components. The 0.00 level serves as the midpoint, dividing bullish and bearish conditions. In addition, the indicator includes two exponential moving averages and a histogram to assess trend strength and behavior. A green bar shows strong momentum in the current direction, whether bullish or bearish. A yellow bar signals a weakening trend with less strength behind the move. A red bar suggests a possible shift in trend bias, such as a change from bullish to bearish. Moreover, the indicator is customizable, making it an invaluable asset for traders aiming to identify the general direction of a trend and potential entry and exit points.
This indicator is suitable for traders of all skill levels and across all time frames. It is designed for use with any currency pair and integrates into any forex trading system or strategy, to identify direction of a trend and potential entry and exit points.
Indicator Settings
How to Install Trend Traffic 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.
