The TrendSignal Indicator for MT4 is a trend-following forex tool that displays BULLISH and BEARISH arrow signals directly on the chart. These visual cues help traders instantly spot potential buy and sell opportunities as price reacts to market conditions. Because the indicator includes alerts, traders can act quickly without monitoring the chart constantly.
This MT4 forex indicator is suitable for both beginners and advanced traders. New traders can use it to identify trend direction with ease, while experienced traders can combine its signals with additional indicators to create high-probability confluence setups. Developers can also incorporate it into automated trading systems thanks to its clean signal logic. Best of all, it’s free to download and straightforward to install.
The indicator plots Blue arrows to signal bullish opportunities and Magenta arrows to signal bearish opportunities. These arrows appear when the underlying algorithm detects a shift in price behavior, trend structure, or swing momentum.
The indicator also uses the classic ZigZag tool to refine swing highs and lows. This helps traders determine the safest areas for placing stop losses and identifying trend continuation patterns.
When a Blue Up arrow appears:
A bullish trend may be forming
Price has reacted from a key swing area
Traders can open a BUY position after the candle closes
Take Profit: Opposite trading signal (Magenta down arrow)
Stop Loss: Previous swing low (identified by ZigZag)
When a Magenta Down arrow appears:
A bearish trend may be developing
Market momentum is shifting downward
Traders can enter a SELL position after candle close
Take Profit: Opposite trading signal (Blue up arrow)
Stop Loss: Above previous swing high
This simple yet powerful approach allows traders to ride trends while managing risk effectively.
The TrendSignal indicator includes two key input parameters:
RISK
SSP
Adjusting these settings allows traders to fine-tune the sensitivity of the arrow signals. Lower values create more signals (more sensitive but less reliable), while higher values smooth out noise and provide stronger trend-based alerts.
Most successful trend-following strategies rely on multi-timeframe analysis (MTF). Higher timeframe (HTF) charts—such as H4 or Daily—provide stable, reliable trend direction. Once the major trend is confirmed on the HTF, traders can drop to a lower timeframe such as H1 or M30 to:
Find precise entry points
Reduce stop loss distance
Ride the trend longer
Avoid false signals triggered by noise
With the TrendSignal indicator, this process becomes seamless because both trend direction and entry timing are visually clear.
Easy for beginners
Effective for advanced traders
Identifies clear BUY/SELL arrow signals
Helps define Take Profit and Stop Loss
Works well with other trend-following indicators
Supports multi-timeframe trading
Can be integrated into algorithmic trading systems
Free to download and easy to install
The TrendSignal Indicator for MT4 is a user-friendly yet powerful tool that helps forex traders identify bullish and bearish trend signals using simple arrow alerts. Because it also provides guidance on stop loss and take profit placement, it functions as a complete mini trading system. Whether you are a new trader or an experienced analyst seeking confluence tools, the TrendSignal indicator is a valuable addition to your MT4 toolkit.
For more premium and free MT4/MT5 indicators, visit IndicatorForest.com.
Published:
Nov 28, 2025 09:46 AM
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