Product Name: MT4 Trend Indicator | Custom Indicators for MetaTrader 4 platform
Please read description of MT4 Trend Indicator | Custom Indicators for MetaTrader 4 platform bellow.
Description of MT4 Trend Indicator | Custom Indicators for MetaTrader 4 platform:
Custom Indicators for MetaTrader 4 platform
Surely you’re familiar with this expression – ‘The trend is your friend, follow it’. 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 in Forex can be made by following the bigger trends. TrendViper, a non-repainting trend indicator is specifically designed to help you recognize and follow trends based on Moving Average Crossovers and the Average Directional Index.
We added a few additional features that will be helpful to any trader using MetaTrader 4 charts.
TrendViper has been designed from the ground up with novice traders in mind but the trend indicator also tailors to experienced traders.
The Smart Display window positioned on the right corner in your trading chart shows dynamic price information by tick and it lets you have a quick insight into upper time frames without the need for tracking the price action in multiple windows.
Here is a complete break down of the display functions.
NEW FEATURE! The Smart Display can now be switched ON and OFF in the indicator’s settings.
This video is almost 3 minutes long and shows 45 minutes of real time trading. It was recorded on EURUSD M1 chart for illustration purposes. Trading H1, H4, D1 is recommended.
The MT4 Trend Indicator will help you to see trends formed by moving averages and their crossovers. It provides an uncluttered overview. Using ten indicators at once is often confusing and counter-productive.
The main job of the TrendViper is to smooth out the price action and eliminate market noise to form a clearer picture of existing trend.
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 additional display and filters, customization options, and free trading signals, TrendViper can be the only indicator you’ll need.
The Smart Display will also give you immediate insights into current trends and candle direction on upper time frames. Thus making the following of major trends even easier.
TrendViper will generate trading signals based on predefined settings. The UP and DOWN signals will notify you of each new trading setup as defined in the indicator’s settings.
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 sent to your mobile device such as phone or tablet.
Once the trend indicator is installed and running you will be able to receive free trading alerts continuously without any monthly fees.
The pop up alerts will notify you of each TrendViper signal – conditions defined by the TrendViper indicator and/or the user. You will no longer need to stay glued to your monitor screen for hours waiting for a favorable setup.
Use H1, H4, D1 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 always translate into bigger winnings.
One to two good trades a week is all you really need to succeed.
Once you receive a signal we recommend taking a look at your charts and confirming it with price action patterns. Note that the UP (Buy) and DOWN (Sell) signals are for reference and educational use only and do not constitute financial advice.
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.
The trading signals can also be delivered to your mobile via a push notification. In order for this to work you will need to install the Meta Trader 4 App on your mobile. Push notifications are sent almost instantaneously and because of that they are much faster than email.
In order to receive the 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 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 can be a very frustrating process.
TrendViper is easy to install and run on your MT4 but it is also just as easily removed, if required. Although our trend indicator is quite a comprehensive tool it is still very lightweight because it 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 Moving Averages 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 these lines, so that only the UP/DOWN arrows are visible on the chart.
However, we feel a trader should always be well informed and seeing the layout of the MA lines helps in determining the structure of a trend.
At it’s core the TrendViper indicator is based on Moving Averages, Average Directional Index (ADX) and the Price Action.
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). Please note that all default settings can be modified by the user.
When the fast MA is above the slow MA the indicator will point to an Uptrend, which is marked in green on the Smart Display. When the fast MA is below the slow MA, the indicator will show 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 specified ADX (Average Directional Index ) threshold is met.
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
Moving average crossover signals are good indicators of changing trends but they perform best when markets are trending, not when markets are consolidating and contracting.
To maximize the winning potential of the moving average crossover strategy in adapting markets we added a few additional filters:
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 which points to a presence of a trend.
The default ADX filter threshold for the arrows and the signals is set at 25. (This can be modified in the settings. Some traders consider 22 or even 20 ADX to be a good enough value. Lowering the ADX threshold will result in more signals being generated by the system.)No signals will be generated if the ADX level is below the set threshold.
On the Trend Power bar visible in the Smart 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 visually represented in bars are 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, more green bars indicate higher ADX value which suggests a stronger trend.
The setting Confirm on Next Upper Time frame can be used to filter the crossover signals by looking at the trend direction on the next upper time frame. The trend on the upper time frame is calculated using the exact same settings.
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 frames can save you from potentially trading against a predominant trend.
When this option is turned on and you’re trading on H1 chart and you get an UP (Buy) signal, then the trend on the upper time frame, in this case H4, will also have to be bullish.
In addition to the signals’ filter in the indicator settings, one can also reference the direction of the trend on 2 upper time frames by looking at the Smart Display. In the default automatic setting the Smart Display will show the trend direction (according to the defined MA crossovers) on the next 2 upper time frames. For example, if you’re trading on H1 chart, the Display will show the trend direction on H4 and D1 charts. (In the indicator settings this can be set to a manual mode and any two time frames can be chosen by the user.)
By default, the signals will be generated after MA crossover with a confirmed closed candle (On Bar Closed), but the alerts can be configured sooner. For example Immediately after the MA crossover or with Minimum Distance in Points which can be defined in the next setting. The signals will still need to meet the set ADX threshold to be issued. The default option will generate a slightly belated signals but most traders prefer each MA crossover signal 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.
The TrendViper MT4 Trend Indicator works well with its default settings. (See backtesting results below.)
In order to configure and tweak this indicator you can experiment with modifying the most important settings in TrendViper, which are:
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. There are many possibilities.
TrendViper can be used in many ways. The indicator was backtested on Meta Trader 4 within an expert advisor to see how it performs. We used the most precise measuring method with historical price data. We found that the indicator performed very well on EURUSD H1 and a slight change of the ADX threshold resulted in different returns.
These are fully automated results used with historical price data. Past results do not guarantee future results.
The TrendViper indicator should be used with human input in the trading process and analysis of price action patterns. However, the above results are good examples that show how this indicator can perform.
The beauty of the TrendViper indicator is that it is simple to use but also 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 mentally exhausted after each trading session.
When it comes to financial markets a simple strategy is often considered to be much more effective. Here is a brief look at a simple trading strategy that can be used with TrendViper.
1. Observe the two MA lines (fast MA and slow MA) and the histogram color change. When the fast MA (green line) crosses the slow MA (red line) 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 which represents the ADX level. Presence of at least one green bar indicates ADX level is above 25 and confirms the presence of a stronger trend.
3. Confirm the signal with the trend on upper time frames. If the trend on the upper time frame is the same, there is a greater probability that the trend will continue.
4. Finally, you can confirm the signal with the candle on upper time frames. 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 point to 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 sould show at least one green bar, indicating the presence of a stronger trend, see picture).
When a signal is confirmed by the supporting display the probability of the market reversing suddenly is very slim.
I’ve been using TrendViper for a few months now and I have to say that it works well. I suggest only enter when the trend is confirmed with upper time frame. I recommend this indicator. It’s helpful, clear and totally customizable. Job well done. – Fabrizio Ghiglione
Trend Viper is my all time favorite indicator. I’ve set the indicator up with a few changes to the default settings and changed slow MA to 200 Simple and fast MA to 21 Exponential then added Williams percent range 20 80. A powerful feature of TrendViper is the visualization of two longer periods and the trend strength. – Randy Bryant
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:
You will get access to the product immediately after payment. You will also receive an email with a confirmation of your purchase. Please read our Refunds Policy before purchasing this product.
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This page offers a custom indicator programmed for the MT4 trading platform and DOES NOT in any shape or form constitute financial advice.
Here are the most common questions asked by our visitors and customers.
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 generates more accurate signals on higher time frames. Trading M1 or M5 charts is not recommended due to much higher levels of market noise.
Yes, the TrendViper can be applied to any chart and any asset available in your MetaTrader 4 account.
Yes, UP/DOWN trading signals can be shown in a popup with sound alert, sent via email, or sent via push notifications to your smartphone. (The last two sending methods may require additional MT4 configuration.)
No, there are no recurring payments. This is a single purchase and the TrendViper will be yours without any other additional charges.
All updates or any future improvements are free of charge. Clients 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 asset your’re trading. If you’re trading on a H1 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 which follow a set of rules and calculations. This indicator will help you to recognize and follow trends but this is not a get-rich-scheme. Instead we take an honest and transparent approach to trading. This indicator is for educational use only and does not constitute financial advice.
No, 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 and price analysis. Always seek help from an independent financial advisor before trading on a live account.
Trading on foreign exchange carries a high level of risk and is not suitable for everyone. All information provided on this website is for educational and entertainment use only and does not constitute any financial advice. Past performance is not indicative of future results.
MT4 Trend Indicator
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