The 3 Line Forex Trend indicator for Metatrader 4 consists of 3 colored signal lines and provides accurate trading signals for any type of trader.
The indicator appears in a bottom chart as a green/red/blue colored signal line.
How to interpret this indicator?
Bullish: The trend is considered bullish when the red line is positioned above the green and the blue line AND the blue line is positioned above the green line.
Bearish: The trend is considered bearish when the red line is positioned below the green and the blue line AND the blue line is positioned below the green line.
Buy & sell signal:
- Open a buy trade when market conditions turn back to bullish.
- Open a sell trade when market conditions turn back to bearish.
- Exit the trade for a fixed take profit target.
From our testings, the indicator does not repaint and works for any currency pair and time frame without slowing down the trading platform.
It can be used as a standalone technical tool or it can be combined with other technical indicators and trading strategies.
Try first on a demo account until you fully understand how this indicator works!
Free Download
Download the kdj.mq4 indicator file (MT4)
Indicator Chart Example
The picture above shows the indicator attached to the Euro / U.S. Dollar technical chart.
How to install the 3 Line Forex Trend indicator to your Metatrader 4 platform?
- Download the kdj.mq4 indicator file here and save it to your computer
- Open your Metatrader 4 platform
- Click on “File” (top menu) and then select “Open Data Folder” from the drop down menu
- Click on “MQL4” and open the “Indicators” folder
- Paste the indicator file in this folder
- Restart Metatrader 4 and you’re ready to start using the indicator
How to edit the indicator?
- Attach the indicator to any trading chart of your preference
- Right click in the chart and select “Indicators List” from the drop down menu
- Select the indicator from the list and click on “Edit”
- Now you can start editing the indicator (Inputs, Colors and Visualization)
- Final step, click on the “OK” button to save the new configuration
